Ethereum Whale Sells $52 Million After 8 Years of Inactivity
Notable on-chain data from the cryptocurrency market shows that some early Ethereum investors have begun selling after years of inactivity.
According to information shared by blockchain analytics platform Lookonchain, four Ethereum wallets that had been inactive for about eight years recently sold significant amounts of ETH.
Sale background
According to the data, these investors purchased a total of 37,602 ETH in 2018, when Ethereum was trading at around $830. The total purchase price at the time was approximately $31.16 million.
During Ethereum’s strong bull market in 2021 and 2025, the wallet’s unrealized profits exceeded $150 million. However, investors decided to hold on to their assets rather than sell them during that period.
Recent activity
According to Lookonchain data, four wallets were reactivated today after eight years of silence. In the last four hours, investors sold a total of 33,623 ETH. They executed trades at an average price of $1,560. The total value of Ethereum sold is estimated at approximately $52.46 million.
Total realized profits for these investors are estimated at approximately $27.4 million.
market reaction
Market experts say investors are keeping a close eye on the revitalization of long-dormant large wallets. The decision of early investors to sell is often considered an important indicator of market sentiment.
The price of Ethereum has been very volatile recently, and many people are closely watching how such a large sell-off could affect short-term price movements.
What this means
This sale in a long-dormant wallet could signal a shift in confidence among early Ethereum backers. But you may also benefit after years of waiting.
This is not investment advice.
