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Ethereum OG Takes Profits: Sells 1,800 ETH After 4-Year Hold

Ethereum OG Takes Profits: Sells 1,800 ETH After 4-Year Hold

CoinomediaCoinomedia2025/10/06 11:42
By:Isolde VerneIsolde Verne

An Ethereum OG sold 1,800 ETH (~$8.12M) today after withdrawing 5,999 ETH from Kraken years ago, securing major gains.Whale Unloads Partial ETH PositionImplications & InterpretationWhat to Watch Next

  • An ETH whale sold 1,800 ETH (~$8.12M) to lock in profits today
  • The same whale withdrew 5,999 ETH (~$15.14M) from Kraken four years ago
  • Long‐term conviction meets profit taking amid evolving market dynamics

Whale Unloads Partial ETH Position

An Ethereum original investor (OG) has reportedly sold 1,800 ETH today, converting it into profits (estimated at $8.12 million). This move is notable because it comes after a long holding period, signaling both confidence and opportunistic exit timing in the current market .

What makes the timeline more striking is that four years ago, this same wallet withdrew 5,999 ETH from the Kraken exchange — a move valued at $15.14 million at that time (based on an ETH price of ~$2,523).

In effect, the investor has held a large position off exchange for years, now choosing to exit part of it under more favorable market conditions.

An #Ethereum OG sold 1,800 $ETH ($8.12M) for profits today.

This OG withdrew 5,999 $ETH ($15.14M) from #Kraken 4 years ago at a price of $2,523. https://t.co/1CeL5wi3uO https://t.co/AxYfh5IJ8Q pic.twitter.com/7NrVlkNpjF

— Lookonchain (@lookonchain) October 6, 2025

Implications & Interpretation

1. Profitable Long-term Hold

By selling 1,800 ETH now, the whale is likely realizing gains after a multi-year hold. The sale doesn’t appear to be a full exit but rather a partial cashing out — taking chips off the table.

2. Confidence Still Intact

Because only a portion was sold, this suggests the whale still retains significant exposure. Holding on to the remainder implies continued belief in Ethereum’s future prospects.

3. Timing Matters

The decision to sell may be driven by a number of factors:

  • Market strength or resistance zones making it a logical exit point
  • Portfolio rebalancing or de-risking moves
  • Tax or liquidity needs

4. Impact on Market Sentiment

Whale sales often attract attention because they can influence broader sentiment. Other traders may interpret this as a signal of overvaluation or profit taking ahead of a pullback. However, as long as the sell isn’t overly aggressive, it may not overwhelm market flow.

What to Watch Next

  • Remaining holdings of this whale: whether future sales follow or if accumulation resumes
  • Price reaction after the sale — does ETH absorb the sale smoothly or face resistance?
  • Whale wallet behavior: any movement of the remaining ETH back to exchanges or redistribution
  • Macro & sector signals: regulation , crypto flows, macroeconomic data that may impact ETH
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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