Early Ethereum Investor Sells $140M Worth of ETH After 9 Years

An early Ethereum investor who joined the 2015 ICO has just offloaded a massive portion of their holdings, sparking fresh debate about ETH’s near-term price trajectory.

The individual, who bought ETH at just $0.31 per coin, spent the past two weeks liquidating 76,000 ETH, locking in tens of millions in gains after nearly a decade of holding.

Blockchain tracking data shows that multiple transactions were sent to exchanges like Kraken, with one of the final transfers involving 2,000 ETH worth over $3.6 million. Prior to that, the same wallet had transferred several large sums, including a notable 6,000 ETH move totaling around $9.5 million. In total, the dump aligns with a broader trend of increased on-chain activity by long-term holders.

Unsurprisingly, the sell-off has added downward pressure to Ethereum’s price, which dipped by over 1.7% in 24 hours to hover near $1,830. Although this has raised some concerns, institutional interest in ETH remains strong. In fact, whales have accumulated more than $1 billion in ETH over the past three weeks, according to recent market data.

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Technical indicators, however, are flashing mixed signals. Some analysts point to bearish divergence in the RSI, hinting at a possible drop toward the $1,400 range if momentum weakens further. Others believe that if broader sentiment improves, ETH could reclaim $2,000 or even push toward $4,000.

Meanwhile, Ethereum co-founder Vitalik Buterin is advocating for a major technical revamp of the blockchain. His latest proposal aims to simplify Ethereum’s design to make it as accessible and transparent as Bitcoin. The plan includes reworking both the consensus and execution layers, potentially making development cheaper and reducing attack risks. While the changes may take time to implement, Buterin believes the end result could help solidify Ethereum’s role in the next phase of blockchain evolution.

Alexander Stefanov