Lookonchain
Four Ethereum OG wallets that received 37,602 $ETH ($58.66M) roughly eight years ago at an entry around $830 have begun selling after years of dormancy. Over a four-hour window, the addresses offloaded 33,623 $ETH ($52.46M) at an average of ~$1,560, with ~3,979 $ETH of the original stash still sitting unsold.
Why it matters
During the 2021 and 2025 bull cycles, these wallets sat on unrealized profits north of $150M and never sold. Selling now at roughly $1,560 means realizing only ~$27.4M of profit, a fraction of what they watched pass on the chart. Capitulation after riding through a full prior cycle is a textbook late-stage behavioral signal that on-chain analysts track as a proxy for holder conviction breaking.
Market impact
The flow is small relative to daily $ETH volume, but the cohort matters: long-dormant OG supply moving on-chain tends to draw more scrutiny than routine exchange flows. Watch whether the remaining ~3,979 $ETH follows the same path in coming sessions, and whether other similarly-aged wallets begin to rotate.
Frequently asked questions
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Who sold 33,623 $ETH today?
Four long-dormant Ethereum OG wallets that originally received 37,602 $ETH at roughly $830 about eight years ago began selling after years of inactivity, offloading 33,623 $ETH ($52.46M) at an average of ~$1,560 in a four-hour window.
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How much profit did the ETH OGs realize?
Their current realized profit is approximately $27.4M. During the 2021 and 2025 bull cycles, their unrealized profits exceeded $150M, meaning they sold at a fraction of the peaks they watched pass on the chart.
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How much ETH is still left in the OG wallets?
Roughly 3,979 $ETH of the original 37,602 $ETH stash remains unsold across the four wallets, leaving open the question of whether the rest will follow in coming sessions.
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Does this $ETH sale matter for the broader market?
The flow is small relative to daily $ETH trading volume, so direct price impact is limited. The signal value is behavioral: long-dormant OG holders capitulating after riding through a full prior cycle is a late-stage data point on-chain analysts track for holder conviction.
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What price did the ETH OGs originally buy at?
The wallets received the ETH approximately eight years ago at an entry price of around $830, making the original basis for the 37,602 $ETH roughly $58.66M.
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