Ethereum Whale Sells 10,702 ETH Worth $16.86 Million After Two Years
A significant Ethereum selloff occurred when a long-time holder sold 10,702 ETH, valued at approximately $16.86 million, after two years of inactivity. This sale generated interest due to its volume and the wallet's history.
Key Points
- The seller acquired the ETH in 2016 when it was priced at $8.
- Despite market peaks above $4,000, the holder only sold during downturns, with the recent sale occurring at $1,576.
- Another notable sale involved a wallet linked to World Liberty Financial, which offloaded 5,471 ETH for $8.01 million at $1,465 each.
- Ethereum's performance has been under pressure, recently hitting a multi-year low against Bitcoin (0.01855 BTC).
- ETH is down 45% in 2025, following declines of 34% in 2024 and 25% in 2023.
- Current trading price is $1,590.82, reflecting a 7.37% increase in the last 24 hours.
- Market reactions vary; some view this as a warning sign while others see it as an individual's decision.
- A dormant wallet also re-entered the market by depositing 2,000 ETH into Kraken, raising further concerns about selloff risks.