On-chain data from earlier today indicated that another ETH holder from the project\u2019s initial days has taken profits after nearly a decade of holding, turning a relatively modest investment of $56,000 into more than $7 million.<\/p>\n
The transaction follows several recent moves by some of the oldest wallets in the crypto industry, including ETH addresses dormant for approximately a decade.<\/p>\n
Lookonchain noted on Friday that an Ethereum OG sold 3,000 tokens worth over $7.2 million. The unknown investor acquired the funds nine years ago ar under $19 apiece, meaning the position generated a return of nearly 130x.<\/p>\n
An #EthereumOG who bought 3,000 $ETH($7.23M now) at only $18.83 nine years ago sold today, making a 128x return!<\/p>\n
https:\/\/t.co\/tUMi07RLsy https:\/\/t.co\/jG32qwjdQk<\/p>\n
\u2014 Lookonchain (@lookonchain) October 23, 2026<\/a><\/p>\n\n Earlier this month, another early ETH holder deposited 6,369 ETH worth about $16 million to Kraken after accumulating the stash at $14 each. An Ethereum ICO participant, on the other hand, moved<\/a> 13,330 ETH (worth well over $36 million) to Coinbase during October as well. The wallet originally obtained 170,000 during the 2015 ICO at $0.31 per token.<\/p>\n These transfers come in a rather interesting time for the underlying asset. Ethereum\u2019s token soared from under $2,000 to $2,800 in a few months before its ascent was stopped. It slipped to $2,300 during the most recent market-wide pullback, before recovering to $2,400 as of press time.<\/p>\n More on the OGs moving out: Back in August, another ICO investor transferred<\/a> all 2,000 tokens, worth $3.77 million at the time, to Coinbase, roughly 11 years after buying the tokens for just $622. This translated into an increase of more than 6,000x.<\/p>\n The post Why Are OG Crypto Whales Cashing Out? Early ETH Holders Move Millions<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" On-chain data from earlier today indicated that another ETH holder from the project\u2019s initial days has taken profits after nearly a decade of holding, turning a relatively modest investment of $56,000 into more than $7 million. The transaction follows several recent moves by some of the oldest wallets in the crypto industry, including ETH addresses […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-243005","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/243005"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=243005"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/243005\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=243005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=243005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=243005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}