Gate News reports that on March 23, an Ethereum OG investor sold nearly $31 million worth of ETH, attracting market attention. On-chain analysis shows that the wallet “0xa2F…F85A” sold 15,002 ETH and still holds 14,814 ETH after the transaction. This wallet acquired 172,700 ETH about ten years ago at an average price of approximately $12.83 per ETH, and these tokens are now worth around $353 million.
Another Ethereum whale sold 5,000 ETH on Monday, worth about $10.3 million, to repay part of a loan, but still holds approximately 126,000 ETH valued at around $257 million, with remaining loans of about $122 million. Data indicates that the price of Ethereum has fallen 1.6% in the past 24 hours to $2,051, over 50% below its all-time high in August 2025.
On-chain fund flow shows early holders gradually taking profits, while some whales continue to hold their positions. Investors should monitor the potential short-term price volatility caused by large-scale sell-offs and the overall market risk appetite.
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