Four Ethereum wallets that have been sitting on their ETH since 2018 finally pulled the trigger. They sold 37,602 ETH after holding through nearly a decade of market swings.
The timing is bittersweet. At peak prices, those bags were worth a staggering $150 million on paper. By the time they sold, that unrealized profit had shrunk to roughly $27 million. Still nothing to complain about — but watching $123 million evaporate had to sting.
These wallets were loaded during Ethereum’s early days. They survived the 2018 crash, DeFi summer, the NFT boom, and multiple cycles of euphoria and despair. The patience is almost unreal in a space where most people can’t hold for eight months, let alone eight years.
The sale raises the obvious question: if OGs are finally selling, what do they know that the rest of the market doesn’t? Or maybe they just decided it was time to enjoy the gains. Not everything is a signal.
