Ethereum Whale Sells 2,404 ETH Worth $7.7M After 4-Year Hold as ETH Hits Breakeven
ETH/USDT
$39,049,302,904.94
$2,145.26 / $2,009.54
Change: $135.72 (6.75%)
-0.0018%
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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.