Early ETH investors sell 33.6K ETH after 8 years for $27.4M profit

Four early Ethereum (ETH) investor wallets that held the asset for eight years have begun selling their holdings, according to Lookonchain. The wallets acquired a total of 37,602 ETH in 2018 at an approximate price of $830 per token, valued at around $31.16 million at the time. Despite unrealized profits exceeding $150 million during the bull markets of 2021 and 2025, the investors did not sell. After remaining dormant for about eight years, the wallets initiated sales today, selling a total of 33,623 ETH over the past four hours at an average price of $1,560. The total value of the sale was approximately $52.46 million, resulting in a cumulative realized profit of about $27.4 million.