Ethereum Whale That Has Been Silent for Two Years Moves Again: Made a Huge Sale!
An Ethereum (ETH) investor (OG) who had not made any transactions for two years suddenly took action and sold 501 ETH worth approximately $1.29 million, while still holding 8,052 ETH in their wallet.
The transactions of large investors on the Ethereum blockchain are closely monitored as they provide clues about the direction of the market. Among these investors, wallets that have remained silent for a long time and hold large amounts of assets are particularly on the market's radar. One of these wallets broke its two-year silence to make a significant transaction again.
According to data shared by the blockchain analysis platform Lookonchain, this investor sold 501 ETH about an hour ago, making a sale worth approximately $1.29 million at the time of the transaction. After the transaction, there are still 8,052 ETH in the wallet, which is equivalent to approximately $20.43 million in total assets.
The term “OG” that we frequently hear in the cryptocurrency world is an abbreviation of the English phrase “Original Gangster.” Initially emerging in rap culture, this term is used to describe investors who have been active in the crypto world from the early days, hold large amounts of assets, and generally take an active role in early-stage projects. Ethereum OGs refer to investors who made significant gains by purchasing ETH in the early years of the Ethereum network. These individuals often attract great attention due to the significant transactions they make that influence the market.
