POAP Founder Exchanges 2,000 ETH for $4.53 Million in USDC
Original headlinePOAP 창립자, ETH 2000개를 453만 USDC로 교환
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POAP founder Patricio Worthalter swapped 2,000 ETH for approximately 4.53 million USDC in the early hours of the day, at an average price of $2,269 per ETH, according to on-chain tracking cited by Foresight News. The USDC was sent to a wallet beginning with 0x95A, which is labeled as an "ICO-era whale" address. The transaction represents an ETH-to-stablecoin conversion rather than a cash withdrawal to a bank account. Worthalter had previously reduced his ETH holdings by 8,000 tokens over six days, followed by 4,000 more, indicating a sustained sell-down of his ETH position. The move is notable given his profile as the founder of the widely used POAP (Proof of Attendance Protocol) NFT platform, and further large transfers from his wallets could signal continued distribution pressure on ETH.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
ETH (ETH), Patricio Worthalter, USDC, POAP
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