Ethereum Whale Sells 2,404 ETH Worth $7.7M After 4-Year Hold as ETH Hits Breakeven

COINOTAG News, reporting on November 14 with data from LookIntoChain, notes that a whale address 0x0c19 sold 2,404 ETH that had sat unmoved for more than four years, liquidating a position valued at roughly $7.7 million.

The original acquisition occurred on August 25, 2021, when ether traded near $3,190, marking a high-cost basis for the holder. The exit price aligns the $7.7 million stake close to the cost basis, placing the move near breakeven for the position in today’s ETH environment.

On-chain activity like this underscores the ongoing impact of large holders in Ethereum markets. While a single wallet’s action does not establish a broader trend, traders will monitor whale movements and related liquidity dynamics for potential implications on near-term volatility.