Whale sells 1,962 ETH after 11+ years.
Deposit worth $9.38M sent to OKX exchange.
Profit estimated at $4.7M from original holdings.
In a rare and notable move, a long-term Ethereum investor — often referred to as a “whale” — has just sold a significant portion of their holdings. The wallet, inactive for over 11 years, deposited 1,962 ETH into the crypto exchange OKX, totaling a value of approximately $9.38 million at the time of transfer.
This ETH whale profit move highlights how early adopters are beginning to realize gains from long-term holding strategies, especially as Ethereum continues to solidify its position as the second-largest cryptocurrency by market cap.
$4.7M Profit Signals Early Investor Confidence
According to blockchain analysts, this whale originally acquired Ethereum during its early days, likely at prices well below $10 per ETH. With Ethereum currently trading above $4,700, the whale’s gain is estimated to be around $4.7 million.
Such movements from early investors are closely watched in the crypto space, as they often indicate confidence in market conditions — or a strategic exit ahead of possible price volatility. Despite this sale, Ethereum’s long-term outlook remains strong, supported by continued development and institutional interest.
https://twitter.com/Cointelegraph/status/1959805608363708493
What This Means for the Market
Large transactions like this one can have short-term effects on market sentiment. However, Ethereum’s strong liquidity usually absorbs such movements without significant price shocks. The ETH whale profit story serves as a reminder of the benefits of patience in crypto investing.
Investors and traders are advised to keep an eye on similar wallet movements, which can sometimes signal shifts in broader market trends.
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