Long-Dormant ETH Whale Emerges After 9 Years: Liquidates 4,723 Ether at $4,141

An early Ethereum investor who accumulated tokens during the network’s nascent stages has resumed selling activity, offloading another significant tranche of holdings today. According to blockchain analysis firm Ember, this ancient whale originated its massive position in 2016 through ShapeShift, acquiring 14,945 ETH when the asset traded around $7.79—representing a mere $115,000 investment at that time.

A Decade-Long Accumulation Finally Breaking

For nine years, this address remained largely inactive before entering the distribution phase last December. The initial liquidation event saw 7,808 ETH transferred to markets at an $4,005 price point, generating approximately 31.27 million USDT. Rather than a one-time exit, the whale appears to be executing a measured dispersal strategy.

Renewed Selling Pressure Three Hours Ago

The most recent activity confirms the entity’s continued intent to reduce exposure. The sale of 4,723 ETH at $4,141 represents the second tranche of this multi-stage exit. Both recent price levels ($4,005 and $4,141) reflect positions well above the original $7.79 entry—translating to gains exceeding 500x on the initial capital deployment.

Market Implications for ETH Outlook

This behavior from one of Ethereum’s oldest whale accounts carries psychological weight for the community. Large position exits by early adopters often signal either profit-taking conviction or perceived diminishing opportunities. With Ethereum’s current market valuation, these systematic liquidations by legacy investors warrant monitoring as potential indicators of broader sentiment among long-term holders.