Early ICO participants of ETH have started to reduce their holdings, having sold approximately 19.72 million USD worth of ETH

According to crypto analyst Ai Yi @ai_9684xtpa's monitoring, an address previously acquired 38,800 ETH through 1CO, and after being dormant for a year, began transferring assets 45 minutes ago, moving 18,500 ETH to another address. It has also sold 9,628.54 ETH on-chain at a price of approximately $2,049, with a transaction amount of about $19.72 million.

Currently, the address still holds some ETH and may continue to transfer or sell in the future.