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On-chain data from earlier today indicated that another ETH holder from the project’s initial days has taken profits after nearly a decade of holding, turning a relatively modest investment of $56,000 into more than $7 million.<\/p>\n
The transaction follows several recent moves by some of the oldest wallets in the crypto industry, including ETH addresses dormant for approximately a decade.<\/p>\n
Lookonchain noted on Friday that an Ethereum OG sold 3,000 tokens worth over $7.2 million. The unknown investor acquired the funds nine years ago ar under $19 apiece, meaning the position generated a return of nearly 130x.<\/p>\n
\nAn #EthereumOG who bought 3,000 $ETH($7.23M now) at only $18.83 nine years ago sold today, making a 128x return!<\/p>\n
https:\/\/t.co\/tUMi07RLsy https:\/\/t.co\/jG32qwjdQk<\/p>\n
\u2014 Lookonchain (@lookonchain) October 23, 2026<\/a><\/p>\n<\/blockquote>\n
Earlier this month, another early ETH holder deposited 6,369 ETH worth about $16 million to Kraken after accumulating the stash at $14 each. An Ethereum ICO participant, on the other hand, moved<\/a> 13,330 ETH (worth well over $36 million) to Coinbase during October as well. The wallet originally obtained 170,000 during the 2015 ICO at $0.31 per token.<\/p>\n
These transfers come in a rather interesting time for the underlying asset. Ethereum’s token soared from under $2,000 to $2,800 in a few months before its ascent was stopped. It slipped to $2,300 during the most recent market-wide pullback, before recovering to $2,400 as of press time.<\/p>\n
More on the OGs moving out: Back in August, another ICO investor transferred<\/a> all 2,000 tokens, worth $3.77 million at the time, to Coinbase, roughly 11 years after buying the tokens for just $622. This translated into an increase of more than 6,000x.<\/p>\n
The post Why Are OG Crypto Whales Cashing Out? Early ETH Holders Move Millions<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n
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