Four long-term Ethereum holders, known as Ethereum OGs, have begun selling their holdings after eight years of dormancy. These wallets initially received 37,602 ETH, valued at approximately $58.66 million at the time, around $830 per ETH. Despite their unrealized profits exceeding $150 million during the 2021 and 2025 bull markets, they refrained from selling.
Today, these wallets sold 33,623 ETH, amounting to $52.46 million at a price of approximately $1,560 per ETH over the past four hours. This sale has resulted in a realized profit of about $27.4 million, marking a significant move after years of holding.
Ethereum OGs Sell 33,623 ETH After 8 Years, Realizing $27.4M Profit
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
