What to know:
- Early Ethereum investor sells millions as long term holdings shift
- Dormant ICO wallet activates, triggering fresh ETH selling pressure signals
- Large ETH transfers raise attention as early adopters secure profits
A renewed wave of selling from early Ethereum participants is drawing attention across the crypto market. Fresh on-chain activity shows that one of the network’s earliest investors has begun converting long-held assets into realized gains after years of holding through multiple cycles.
According to Lookonchain, an Ethereum ICO-era wallet identified as “0xd64A…7ED7” moved a large portion of its holdings, transferring 18,500 ETH valued at about $38.1 million to another wallet. From there, 11,552 ETH was gradually sold through several transactions, totaling roughly $23.4 million at an average price near $2,027.
Historical data links this wallet to Ethereum’s original token sale nearly a decade ago, when the investor acquired 38,800 ETH for approximately $12,000. This equates to a purchase price of around $0.31 per token, and at current market levels, the remaining holdings still represent a significant unrealized gain, with the total stash once valued close to $80 million.
Also Read: UK Targets $19.9B Crypto Scam Network in Massive Sanctions Crackdown
Long-Term Holders Increase Activity After Years of Dormancy
This transaction does not stand alone, as similar movements have emerged in recent days. Earlier in the week, another early Ethereum wallet transferred and sold 15,002 ETH, worth around $31 million. Such activity suggests that long-term holders are gradually reducing exposure after extended holding periods. Many of these wallets remained inactive for years, often surviving multiple bull and bear cycles.
Moreover, these sales come at a time when Ethereum’s price remains significantly below its previous peak. Ether traded near $2,058, reflecting a 2.6% decline over the past 24 hours, and it remains more than 50% below its August 2025 high of around $4,900.
Additionally, staggered selling patterns suggest that these investors aim to minimize market disruption. By splitting transactions, they avoid triggering sharp price movements while securing profits, and this approach reflects a measured exit strategy rather than sudden liquidation.
Consequently, the continued activity from early participants may influence short-term market sentiment, as traders often monitor such wallets closely since their movements can signal broader shifts among long-term holders.
Also Read: Alert: $315,000,000 XRP Recovery on Binance in 2 Days – What’s the Significance?
