Ethereum OG Address Resurfaces to Sell 10,702 ETH Worth $16.86 Million After Two-Year Hiatus

On April 10th, COINOTAG News reported that an Ethereum veteran address, which had been dormant for two years, has re-entered the market by liquidating a substantial 10,702 ETH. The sale was executed at an average price of $1,576, netting approximately $16.86 million. This particular address has historical significance, having acquired its ETH as early as 2016 when the asset was valued at merely $8. Notably, despite the cryptocurrency reaching peaks above $4,000, the owner previously withheld from selling during bullish phases, opting instead to capitalize on downturns in the market. This strategic selling behavior underscores the importance of market timing and the psychological factors influencing trader decisions in the volatile crypto space, as established investors seek to maximize their returns amid fluctuating conditions.