Ethereum Whales Sell After 8 Years, Profits Down Over 80% from 2025 Peak

First Sale in Eight Years

On-chain analysis service LookOnChain reported on the 26th that four wallets, which received approximately 37,602 ETH around 2018, have started selling after about eight years of dormancy.

These four whale wallets sold approximately 33,623 ETH within about four hours at an average price of $1,560 per ETH, totaling about $52.46 million. The acquisition cost was around $830 per ETH...