Ethereum OG wallets finally sell after 8 years, locking in estimated $27M profit after $150M unrealized peak: onchain analysts

The Block·

Ethereum OG wallets finally sell after 8 years, locking in estimated $27M profit after $150M unrealized peak: onchain analysts

60-second summary

Four Ethereum OG wallets are selling their 37,602 ETH, a stash they've held since 2018, locking in an estimated $27 million profit after the unrealized peak of $150 million. This move comes after the wallets watched their massive profit evaporate at the peak prices, likely due to the crypto market's recent downturn and subsequent price fluctuations.

Four Ethereum OG wallets that held 37,602 ETH since 2018 finally sold after watching $150M in unrealized profit evaporate at peak prices.