A dormant Ethereum wallet has shown signs of trimming its position after years of inactivity, according to on-chain analyst Ai Yi (@ai_9684xtpa). On Sept. 14, the analyst said address 0x08E…03e6b, whose accumulation history can be traced back seven years, sent 1,250 ETH to MAX Exchange around two hours earlier. The transfer was valued at about $3.14 million based on the figures cited in the report. The wallet had received 1,500 ETH in September 2021, when Ether was priced at $3,159.27, and had not moved or sold the holdings during the period. If the latest exchange deposit leads to a sale, the position would be down by more than 20% from the entry price referenced in the report. The transaction was described as a suspected reduction in holdings rather than a confirmed sale.
BlockBeats reported on Sept. 14 that a dormant Ethereum wallet may have started reducing its position, according to monitoring by on-chain analyst Ai Yi (@ai_9684xtpa).
The wallet’s accumulation history can be traced back seven years. Address 0x08E…03e6b received 1,500 ETH in September 2021, when Ether was priced at $3,159.27. The holdings had not been transferred or sold at any point during that period.
That changed around two hours before the report, when the wallet deposited 1,250 ETH to MAX Exchange. The transfer was valued at about $3.14 million based on the figures cited by the source. If the deposit results in a sale, the position would be showing a loss of more than 20%.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
