Recent data showed that some early Ether holders have started selling their assets, realizing significant profits. One investor, who invested $56,000 in the project nearly a decade ago, turned his investment into more than $7 million. According to Lookonchain, one of the oldest Ethereum holders sold 3,000 tokens, receiving over $7.2 million for them. The investor initially acquired the tokens for $19 each, securing a profit of nearly 130 times.
Additionally, other early holders continued to sell off. This month, one investor deposited 6,369 ETH, worth about $16 million, on Kraken, having bought them for $14 per token. An Ethereum ICO participant moved 13,330 ETH to Coinbase in October, for which he received over $36 million. These tokens were initially purchased for $0.31 each during the ICO in 2015.
These transfers occur at an interesting time: the price of Ether rose from less than $2,000 to $2,800 over several months, then fell to $2,300 during the recent crash, but has currently recovered to $2,400. In August, one of the ICO participants also transferred all of his 2,000 tokens to Coinbase for $3.77 million, having bought them for $622, securing an increase of more than 6,000 times. This period of active sales highlights a trend among the oldest investors, observed with rising cryptocurrency prices, increasing interest in exiting long-term positions. According to data, such actions already reflect not only personal successes but also a general trend in the Ether market, where old holders are beginning to sell off amid strong price fluctuations and high profits.
This material is prepared solely for informational purposes and does not constitute financial advice or a recommendation.
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