One of the Ethereum investors has recently sold 2,300 ETH for approximately 9.9 million dollars in a new market rally. The trade was done on the Kraken exchange and monitored by blockchain analytics company Lookonchain. The wallet address of the investor is marked as “0x845…a210c” and now contains 1,623 ETH, which at the recent prices comes to $86 million.
This wallet received 20,000 ETH when Ethereum used their Initial Coin Offering (ICO) in 2014, investing only 6200 dollars. The price of Ethereum has just , and as such, the tokens that the investor still holds have significant unrealised gains. The original investment is now yielding more than 12,000% returns, which indicates the long-term potential of the crypto assets at an earlier stage.
The same investor has registered a profile of periodic sales during the last two years. In November 2023, 3,000 by the wallet. Then it sold 1,000 ETH in February 2024 and 250 ETH in December 2024, respectively. This shows a steady and phased systematic liquidation over the period, which implies that risk control and diversification will be achieved.
