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ETH Early Ethereum holders sold 2250 ETH after three years of silence, cashing in about US$4.15 million.
Data from online analysis firm Lookonchain shows that an early Ethereum adopter sold 2250 ETH after three years of silence, in exchange for about US$4.15 million.
Eight-year positions come to an end
Lookonchain data shows that the entity initially opened positions eight years ago, with an average cost of US$489 per position. Based on this entry price, the 2250 ETH units cost approximately US$1.1 million at the time, and the gross return on this sell-off was nearly four times. The pattern of this wallet that has not been moved for many years is a phenomenon repeatedly marked by Lookonchain analysts in the 2026 Ethereum ecosystem-long-dormant addresses will appear periodically, transferring historical positions to exchanges.
The reactivation of dormant wallets is closely watched by market participants because it introduces supply that has been out of circulation for years. As The Coin Republic reported in late June, Lookonchain identified multiple dormant addresses that each held ETH for nearly eight years before clearing, indicating a broader trend of early adopters reassessing positions as price ranges move.
Shift to exchange liquidity
This transaction takes place at a time when ETH price movements are testing local resistance, shifting historical assets into active exchange liquidity. This dynamic of selling at resistance rather than strength suggests that this was a planned exit rather than a panic selling. Chain observers point out that experienced long-term holders usually adopt gradual or timed selling strategies to minimize the impact on the market.
The sell-off added a small but visible seller pressure to the order book. Although the position of 2250 ETH is relatively small by whale standards, the broader context is worthy of attention. Lookonchain tracks the reactivations of a series of dormant wallets in 2026, noting that early adopters are selectively taking profits during periods of relatively stable prices.
As of the time of report, on-chain data had not confirmed whether this was a full exit or a partial allocation of a larger position.
