An early Ethereum investor, inactive for over two years, has reportedly sold 501 ETH, currently valued at approximately $1.29 million.
The transaction drew market attention as significant movements from long-dormant wallets often signal early adopter sentiment shifts. Notably, despite this substantial sale, the investor retains a considerable holding of 8,052 ETH, worth approximately $20.43 million.
This selective profit-taking while maintaining a large position is interpreted by market analysts as an indicator of continued confidence in Ethereum’s long-term value proposition rather than a full exit.
Such movements from large holders, often termed ‘whales,’ are closely monitored by the market for insights into broader sentiment trends and potential shifts amongst foundational investors.