Ethereum OG Sells Final $2.96M in $ETH After Decade-Long Journey, Nets $12.5M

On-chain data reveals that an Ethereum OG investor, dormant for 2.4 years sold a total of 2,024 $ETH for $2.96 million thus completing their exit from the market. This pioneering investor unloaded 9,095 $ETH worth $12.5 million at $1,375 per coin during the last three years before finally ending its investment lasting ten years.

A Decade of Ethereum Holdings

The wallet began its transactions with Kraken and Bitfinex ten years ago which links the investor to ETH involvement since its 2015 commercial launch. The recent transaction saw funds moving from the sender 0x00…Ba3 to the receiver 0x08…9b8.

The OG sold Ethereum worth $2.96M after setting the price just beneath the current market level of $1375.

Market Context and Profit Realization

Ethereum’s value underwent substantial fluctuation reaching $1,471 before the month began which triggered $393.60 million in liquidations throughout the last few days creating further market instability.

Strategic selling of 9,095 ETH at $1,375 per token between 2022-2025 yielded $12.5 million in profits for the OG investors because they had secured this Ethereum deployment during its initial low-value period.

A Legacy of Early Adoption

The complete withdrawal of this OG investor demonstrates the life cycle pattern of cryptocurrency pioneers who are currently obtaining enormous profits from market expansion. The OG’s full sale at this time might indicate their concerns about Ethereum’s performance in the near future given existing market issues. This crypto market environment with a Fear & Greed Index is currently at 25 due to the changing behaviors of long-term holders in its unpredictable landscape.