One of Ethereum’s earliest investors just sold another 1,500 ETH, worth about $1.76 million, just six hours ago. This person was part of the original Ethereum ICO and stayed quiet for years, but since April 17, they’ve suddenly started moving huge amounts of $ETH .
In total, they’ve now sold 16,500 ETH in just under three weeks — that’s roughly $29.35 million cashed out, with an average selling price of $1,779 per ETH.
Still Holding Big
Even after all that selling, the wallet isn’t empty. On-chain data shows they still hold 13,500 ETH, currently worth around $24.82 million. So, there could be more sell-offs coming soon — something that might put pressure on ETH’s price in the short term.
People tend to keep a close eye on these old wallets from the ICO days. When whales like this one start selling after being inactive for years, it can really shake up market confidence.
TL;DR:
• Sold another 1,500 $ETH ($1.76M)
• Total sold since April 17: 16,500 ETH ($29.35M)
• Still holding: 13,500 $ETH
($24.82M)
Why It Matters
Movements like this from early whales are more than just big numbers — they can have a real impact on the market. While this seller has already taken out close to $30 million, the fact they’re still holding over $24 million worth of ETH means the story might not be over yet.
These old wallets remind everyone that early adopters still have a lot of ETH — and when they move, the market listens.
Source: Lookonchain on X
(formerly Twitter)