Markets· ★★· bearish·

Ethereum OG sells 3,000 ETH bought nine years ago for 128x return

  • —The holder bought 3,000 ETH at $18.83 about nine years ago
  • —The sale fetched roughly $7.23 million, a 128x return
  • —Onchain analytics firm Lookonchain flagged the transaction
Why it matters: Large disposals by early holders add selling pressure on ETH, which is trading near $2,400.
Source: PANews