According to on-chain data monitoring, an early participant in the Ethereum ecosystem suddenly took action after holding their coins for two years. Blockchain analysis tool Lookonchain shows that this Wallet transferred and sold 501 ETH in the last hour, worth approximately $1.29 million at current market prices. It is noteworthy that despite this significant sell-off, the Address still holds a considerable amount of Ethereum assets, with remaining Holdings of 8,052 ETH, valued at around $20.43 million. This sudden movement has drawn market attention to changes in the mindset of long-term holders.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
According to on-chain data monitoring, an early participant in the Ethereum ecosystem suddenly took action after holding their coins for two years. Blockchain analysis tool Lookonchain shows that this Wallet transferred and sold 501 ETH in the last hour, worth approximately $1.29 million at current market prices. It is noteworthy that despite this significant sell-off, the Address still holds a considerable amount of Ethereum assets, with remaining Holdings of 8,052 ETH, valued at around $20.43 million. This sudden movement has drawn market attention to changes in the mindset of long-term holders.