Early-stage investors in Ethereum’s cryptocurrency, Ether (ETH), mobilized and sold 11,552 coins on March 27, 2026. This operation allowed him to secure a profit of $23.4 million after waiting for these coins for 12 years.
Address identified by register “0xd64A…7ED7” I sent a total of 18,500 ETH to another addressof which 11,552 ETH was effectively liquidated through multiple transactions on the open market.
These funds date back to Ethereum’s 2014 initial coin offering (ICO). An ICO is a funding mechanism in which developers of a new cryptocurrency project sell tokens to early investors to fund the development of the protocol.
at that time, Investor allocated initial capital of just $12,000 and received 38,800 ETH. In this pre-sale scheme, each unit of cryptocurrency cost just $0.31.
To understand the magnitude of the revaluation, we need to identify that this investor’s entire initial ETH holdings now amount to approximately $76 million.
The recent sell-off comes amid mixed market conditions, with ETH currently trading below $2,000. 4% drop in last 24 hours It fell 8% last week, weighed down by global macroeconomic instability and geopolitical tensions in the Middle East.
This sale by older investors is not an isolated event, but a trend observed among multiple so-called long-term “holders.”
This week, for example, another investor who had held the asset for more than 10 years also liquidated his position. As reported by CriptoNoticias, on March 23, the wallet that originally received 172,700 ETH 10 years ago (when the price was around $12.83) sold 15,002 ETH worth $31 million.
