An early Ethereum (ETH) investor sold $23 million worth of ether on Thursday in a fresh round of profit-taking, according to onchain data tracked by Lookonchain.
The wallet "0xd64A…7ED7," identified as an Ethereum ICO participant, transferred 18,500 ETH ($38.1 million) to an address, which then sold 11,552 ETH ($23.4 million) through multiple transactions at an average price of roughly $2,027, Lookonchain said.
The address traces back to Ethereum's token sale about a decade ago, where the investor originally spent around $12,000 to acquire 38,800 ETH at just $0.31 per token, the analytics provider said. At current prices, that stash would be worth nearly $80 million.
The latest transaction adds to a string of recent moves by long-term Ethereum holders, who have trimmed positions after years of riding out multiple market cycles.
Earlier this week, a separate ICO-era wallet sold around 15,002 ETH, worth roughly $31 million, after a decade-long hold, transferring the funds to Coinbase while still retaining a sizable balance.
Ether fell 2.6% over the past 24 hours to $2,058 as of 2:00 a.m. ET on Friday, according to The Block's price page, and remains more than 50% below its August 2025 peak of around $4,900.
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