An EthereumOG who bought 3,000 $ETH at $18.8 ($56.5K at the time) 8 years ago sold another 1,000 $ETH ($2.68M) today. The OG has now sold 2,000 $ETH ($6.19M) at an average price of $3,096 and still holds 1,000 $ETH ($2.67M). Total profit: $8.8M — a 156x return! https://t.co/C
Why now
Thesis: Long-term ETH holder takes profits
Catalyst to watch: Further OG wallet sales
Main risk: Single holder, limited impact
Why it matters
Long-term ETH holder selling into strength adds supply pressure, a modest bearish on-chain signal.
Details
An #EthereumOG who bought 3,000 $ETH at $18.8 ($56.5K at the time) 8 years ago sold another 1,000 $ETH ($2.68M) today. The OG has now sold 2,000 $ETH ($6.19M) at an average price of $3,096 and still holds 1,000 $ETH ($2.67M). Total profit: $8.8M — a 156x return! https://t.co/CfkiVUtnQw https://t.co/MVvB2ZAo1g
Sources
- x · 2026-09-29 01:56 UTC