Notable on-chain data in the cryptocurrency market has revealed that some early-stage Ethereum investors, who have been inactive for many years, have begun selling.
According to information shared by the blockchain analytics platform Lookonchain, four Ethereum wallets that had been inactive for approximately eight years have recently sold a significant amount of ETH.
According to the data, these investors purchased a total of 37,602 ETH in 2018, when Ethereum was trading at approximately $830. The total value of these purchases at that time was estimated at approximately $31.16 million.
It is reported that during Ethereum’s strong bull markets in 2021 and 2025, the unrealized profits of these wallets exceeded $150 million. However, investors continued to hold onto their assets during those periods without selling.
According to Lookonchain data, four wallets became active again today after eight years of silence. In the last four hours, investors sold a total of 33,623 ETH, executing transactions at an average price of $1,560. The total value of the Ethereum sold is estimated at approximately $52.46 million, while the total realized profit for investors is estimated at approximately $27.4 million.
Market experts say that investors are closely watching the reactivation of large wallets that have been inactive for a long time. In particular, the selling decisions of early-stage investors are considered among the important indicators of market sentiment.
Ethereum’s price has been volatile recently, and investors are closely watching the impact of large-scale selling on short-term price movements.
*This is not investment advice.
