Ethereum OG whale sells 2,000 ETH from 8-year-old stash for $8.8M profit
- —Originally bought 3,000 ETH at $18.8 for $56,500 eight years ago
- —Sold 2,000 ETH at an average $3,096 for about $6.19 million
- —Latest sale: 1,000 ETH for $2.68 million
- —Still holds 1,000 ETH worth $2.67 million; total profit near $8.8 million
Why it matters: Large sales from old wallets add ETH supply and can weigh on price in the short term.
Source: PANews