Old ETH Wallet Selling Tests Whale Conviction at $1.5K

Eight-year-old Ether wallets have begun moving coins for the first time since 2017, adding fresh supply as Ether trades just above $1,500. Onchain data shows 37,806 ETH from long-dormant addresses became active. Lookonchain found four wallets that received 37,602 ETH nearly eight years ago held through the 2021 and 2025 rallies and sold 33,623 ETH for about $52.5 million at roughly $1,560 on Thursday; the realized profit now stands near $27.4 million.

The selling appeared alongside continued buying by other large holders. One whale swapped 464 BTC worth $27.6 million for 17,750 ETH, signaling capital rotation into Ether. Investor Chun Wang acquired another 9,937 ETH and 147 wrapped Bitcoin and has withdrawn almost 87,000 ETH from Binance over the past month at an average purchase price of $1,749.

BlackRock moved 41,996 ETH and 4,577 BTC to Coinbase Prime, a transfer commonly associated with custody or operational management rather than a confirmed market sale.

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