Key Points
- An Ethereum holder has sold a large amount of ETH after two years of inactivity.
- The sale follows a trend of large Ethereum holders offloading their holdings.
An individual who has held Ethereum for a significant period recently sold a substantial quantity of the cryptocurrency, sparking interest due to the size of the transaction, its timing, and the long history associated with the wallet.
Trend of Large Ethereum Sales
Lookonchain data reveals that the Ethereum holder sold 10,702 ETH, equivalent to approximately $16.86 million. This wallet had been inactive since 2022. Interestingly, this sale is not an isolated incident, as another large dormant holder also sold their ETH this week.
The individual who sold the 10,702 ETH first acquired the cryptocurrency in 2016 when one ETH was priced at $8. Despite the opportunity to sell during periods of high prices, the wallet owner held onto their ETH through various market cycles and price surges, including when ETH reached a record high of over $4,000.
The owner’s selling pattern seems to focus on offloading during market downturns. This latest sale aligns with that trend, with ETH trading around $1,576 at the time of the sale.
Ethereum Sales Increasing
Recently, Ethereum sales have been increasing. A wallet associated with World Liberty Financial, backed by Trump, sold 5,471 ETH for $8.01 million at $1,465 per token.
These sales occurred at a time when Ethereum was under significant pressure, particularly compared to Bitcoin. On April 9, Ethereum fell to a multi-year low of 0.01855 BTC on Binance. Despite a slight relief rally, ETH’s price has dropped considerably this year. Compared to Bitcoin, ETH has decreased by 45% in 2025 alone, including a 34% fall in 2024 and a 25% drop in 2023.
The exact reason for the wallet owner’s decision to sell now is unclear. However, the consistent bearish trend and low ETH/BTC ratio may have influenced the decision.
According to CoinMarketCap data, Ethereum was trading at $1,590.82 at the time of writing, up by 7.37% in the last 24 hours. This bullish rebound could help recover the coin’s lost valuation YTD.
Surprise Over Sale Timing
The timing of the sale has raised eyebrows in the crypto community. The wallet could have made a much higher profit if it had sold during previous market cycles when Ethereum had better spot pricing. Holding through price peaks and selling during corrections seems unusual to many traders.
This sale has fueled discussions about Ethereum’s price and its current market position. Some investors view it as a warning sign, while others see it as the action of one individual and not necessarily a reflection of broader sentiment.
The move demonstrates the unpredictability of crypto investor behavior, even among early adopters.
In other news, a long-dormant Ethereum holder has re-entered the market after seven years, depositing 2,000 ETH valued at $3.11 million into Kraken. This has further increased the risk of a selloff, according to critics.
