An Ethereum whale has offloaded thousands of Ethereum, as reported by the blockchain monitoring platform Lookonchain.
28,999 ETH valued at approximately $45.2 million were sold, according to Lookonchain. This large sell-off comes amid several other notable Ethereum movements tracked by Lookonchain.
Ethereum OG Selling Patterns Raise Questions
The sale was executed at an average price of $1,559 per ETH. It was reportedly conducted to repay outstanding debt.
A whale just sold 28,999 $ETH($45.2M) at an average price of $1,559 to repay the debt.https://t.co/w6NZoYoG8T pic.twitter.com/xyfqIrCqGD
— Lookonchain (@lookonchain) April 10, 2025
Lookonchain has also highlighted interesting selling patterns from an Ethereum early adopter who recently liquidated a substantial position. According to their report, an “Ethereum OG” sold 10,702 ETH worth approximately $16.86 million at a price of $1,576 per token after two years of wallet inactivity.
What makes this sale particularly notable is
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