Analysts at Lookonchain tracked transfers from four addresses that were inactive for about eight years before liquidating holdings recently.

Transaction details

The four wallets sold a combined 33,623 ETH, raising roughly $52.5 M in proceeds according to on‑chain records.

Originally, the same addresses had acquired 37,602 ETH at an average purchase price near $830 per coin, or about $31.16 M in total.

Sellers realized an average sale price of approximately $1,560 per ether, producing an aggregate profit near $27.4 M on the moved supply.

After these transfers, the addresses still hold roughly 3,979 ETH, as shown in the monitored balances.

Price context

Notably, the investors did not cash out at historically higher valuations during earlier bull cycles in 2021 and 2025.

During those peaks the combined value of their positions exceeded $150 M, and ether reached intraday highs above $4,900.

Market implications

On‑chain analysts suggest that selling by long‑dormant holders can signal capitulation among long‑term investors under certain market conditions.

Historically, similar waves of disposals by long‑held wallets have at times coincided with local market lows rather than prolonged downtrends.