An Ethereum OG whale has sold another 1,000 ETH worth about $2.68 million, according to on-chain tracker Lookonchain. The wallet originally bought 3,000 ETH at an average price of $18.8, with the total cost coming to just $56,500 around eight years ago.
Lookonchain said the address has now sold 2,000 ETH at an average price of $3,096, for cumulative proceeds of roughly $6.19 million. The wallet still holds 1,000 ETH valued at about $2.67 million. Based on the figures provided, the whale’s total profit stands near $8.8 million, representing a 156x return.
The transaction was flagged on Sept. 29 and adds to a series of monitored whale movements in ETH as older holders continue to realize gains from positions built at much lower prices.
BlockBeats reported on Sept. 29 that an Ethereum OG whale sold another 1,000 ETH, worth about $2.68 million, according to Lookonchain.
Lookonchain said the wallet had accumulated 3,000 ETH at an average purchase price of $18.8. The position was built around eight years ago, with a total cost of just $56,500.
After the latest sale, the address has sold 2,000 ETH at an average price of $3,096, generating about $6.19 million in total proceeds. It still holds 1,000 ETH valued at roughly $2.67 million. Total profit is estimated at about $8.8 million, equal to a 156x return.
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