An Old Investor is Selling Again on Ethereum: Liquidated His Holdings After 3 Years! - Coin Bulletin

An Ethereum OG that has moved again after 3 years sold 7.974 ETH, generating approximately 11.8 million dollars in sales.

According to Lookonchain data, one of Ethereum's old investors (OG) has taken action again after 3 years of silence. The investor sold a total of 7.974 ETH in just the last 2 hours, which is approximately 11.8 million dollars.

Sales occurred at an average level of 1,479 dollars. This move has the potential to increase selling pressure in parallel with the recent decline in Ethereum prices. The mentioned investor still holds 30,606 ETH (approximately 45.7 million dollars) in their wallet.

The sudden activity of wallets that have remained inactive for long periods and hold large amounts of assets is usually monitored carefully in the market. Such sales, especially in liquid markets like Ethereum, can trigger fluctuations in the short term.

The term "OG" refers to investors who acquired a cryptocurrency very early on and did not sell for a long time. The beginning of sales by these investors can be interpreted by some analysts as a sign that the market is approaching its peak or that confidence is waning.