Ethereum Whales Sell After 8 Years, Secure $27M Profit

Ethereum Whales Sell After 8 Years, Secure $27M Profit

TLDR Four dormant Ethereum wallets were reactivated after nearly eight years of inactivity. The wallets originally received 37,602 ETH in 2018 at about $830 per coin. They sold 33,623 ETH within four hours at an average price of $1,560. Total proceeds from the sales reached approximately $52.5 million. The transactions resulted in an estimated realized profit of $27.4 million. Four early Ethereum holders moved large balances after years of inac…

Four Ethereum wallets sell 33,600 ETH after eight years of holding

Four Ethereum wallets that had remained dormant for eight years have sold a combined 33,600 ETH, drawing attention from on-chain analysts and traders watching for signs of long-term holder distribution amid Ethereum's recent price activity.Read more...