According to Lookonchain dataEthereum OG sold $17 million worth of ETH for nearly $1,600. Prior to this, the address was dormant.
The address in question received the ETH when Altcoin was trading for just $8.
In particular, when ETH was trading for around $4,000, the whales refrained from making huge profits. The address in question tends to be sold during major market corrections.
It is unclear why the OG decided to surrender right now, but the decision may be motivated by the overwhelming bearish surrounding Ethereum.
On April 9th, ether fell to yet another multi-year low in a binance exchange before seeing a slight relief rally. ETH/BTC has declined 45% this year after an increase of 34% and 25% in 2024 and 2023, respectively.
As Reported by U.TodayAccording to Bloomberg data, ETFs that deliver double the opposite performance of popular altcoins surged nearly 250% in 2025. This will make it the best ETF of the year. In fact, another ETF that allows bets on the ether will be second. This highlights how bad ether price performance is.
But on Tuesday, the battered Ether Bulls finally got their moment in the sun. Altcoin is currently trading at $1,621 and has recorded double-digit profits after the US decided Suspension tariffs Most countries have boosted risk-on assets. That said, it is still unclear whether or not the rally will have feet, as the latest spikes are due to macro-driven momentum.
