An early Ethereum holder from 2015 has sold over 5,000 ETH equivalent to about 20 million USD since the beginning of August 2024.
The total amount of Ethereum sold in nearly four months amounts to over 14,600 ETH, valued at around 34.65 million USD. This is the Token that was first withdrawn from ShapeShift and Poloniex wallets when the price of ETH was only 1.33 USD.
MAIN CONTENT
The ETH holder since 2015 has sold over 5,000 ETH since August 2024.
The total amount of ETH sold in nearly 4 months reached 14,639 ETH, equivalent to 34.65 million USD.
The initial price when withdrawing ETH was only 1.33 USD/ETH from ShapeShift and Poloniex wallets.
How much ETH has early Ethereum holders sold in 2024?
The ETH holder since 2015 has executed a total sell transaction of 5,125 ETH, equivalent to about 20.13 million USD since August 2, 2024.
This shows that the supply from individuals with influence in the cryptocurrency market continues to be traded. This volume reflects on-chain activity combined with Token deposits on exchanges.
What is the total volume of ETH sold in about 4 months?
When calculating the total over nearly four months, the amount of ETH sold reached 14,639.2, equivalent to about 34.65 million USD.
This figure reflects that holders who purchased ETH at very low prices continue to maximize profits by distributing Tokens in the current phase. These transactions originated from the Token withdrawal in 2015 from ShapeShift and Poloniex.
The large sale of ETH by an early investor reflects the trend of profit-taking after a long-term growth phase of cryptocurrency.
Cryptocurrency market analyst, 2024
What is special about the origin of the ETH being sold?
The volume of ETH traded comes from the first withdrawal in 2015 at ShapeShift and Poloniex, when ETH was only priced at 1.33 USD.
This event demonstrates that this is a quantity of Tokens held for a long time, and their value has increased several times before the decision to sell was made in 2024.
What are the benefits of tracking ETH sales from whales in 2015?
Tracking sales transactions of long-term investors provides signals about cash flows in and out of the market, as well as profit-taking sentiment or portfolio adjustments.
This information helps investors better understand supply and demand fluctuations, allowing them to make more suitable trading decisions during high market volatility.
Frequently Asked Questions
How much value have ETH holders from 2015 sold?
Which wallet was ETH first sold from?
ETH was first withdrawn from ShapeShift and Poloniex wallets in 2015 when the price of ETH was only 1.33 USD.
Why is tracking ETH whales important?
From whale trading activities, investors can assess market trends and volatility to adopt appropriate strategies.
How does the large sale of ETH affect the market?
Large transactions by individuals can create supply pressure on the market, affecting price and temporary liquidity.
What does the amount of ETH sold reflect about investor sentiment?
Profit-taking by long-term holders indicates they believe it has reached a level of profitability or are changing their investment strategy.
Source: https://tintucbitcoin.com/eth-og-ban-14-639-eth-trong-4-thang/
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