Ethereum OG Wallets Sell 33,623 ETH After 8-Year Dormancy, Lock in $27.4M Profit

ETH0.49%
According to Lookonchain and The Block, four Ethereum wallets that received 37,602 ETH in 2018 at roughly $830 per coin sold 33,623 ETH on Friday at approximately $1,560 per coin, generating $52.5 million in proceeds and locking in a profit of approximately $27.4 million, according to Arkham data. The wallets, dormant for roughly eight years, realized substantially less than their positions' peak unrealized value; during both the 2021 and 2025 bull markets, the unrealized profit exceeded $150 million, more than five times what was ultimately realized.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments