Onchain analysts tracked four early Ethereum wallets that had held 37,602 ETH since 2018 before liquidating their positions this week. The wallets, often referred to as 'OG' addresses due to their long holding periods, secured an estimated $27 million in realized profit. However, the timing highlights a missed opportunity: at peak market prices, the combined holdings represented roughly $150 million in unrealized gains. By waiting through years of price volatility and selling only now, the holders forfeited a significant portion of potential returns. The sale adds to ongoing discussions about long-dormant wallets reactivating and the supply implications when early holders distribute coins accumulated during Ethereum's formative years. Analysts monitor such movements closely, as large transfers from veteran addresses can influence market sentiment and signal shifts in conviction among the network's earliest participants.
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