Ethereum Wallet Nets $8.66 Million Profit After Selling 5,001 ETH
- A dormant Ethereum wallet sold 5,001 ETH for an $8.66 million profit.
- The wallet acquired the Ethereum in 2017 for $1.38 million when ETH was priced at $277.
- 3,000 ETH were sold in early March; the remaining 2,001 ETH were sold recently.
- Ethereum is currently trading at $1,882, down nearly 2% in the past day and over 6% in the past week.
- Crypto whales have been selling Aave (AAVE), with significant deposits to FalconX and OKX.
The Ethereum wallet realized a substantial profit by selling its holdings purchased at a low price in 2017. Despite market fluctuations, such moves highlight strategic timing in cryptocurrency investments.
Source (2.6)https://dailyhodl.com/2025/04/03/ethereum-og-wallet-from-2017-sells-all-remaining-eth-inks-8660000-in-profit-lookonchain/?rand=59076
