Ethereum Wallet Sells Entire Holdings After Three Years, Gaining $126K on $1.92M Sale

A dormant Ethereum wallet sold 1,014 ETH for $1.92M, securing a $126K profit after three years.

The wallet purchased 1,014 ETH for $1.8M in 2021 and missed a prime unrealized profit of $2.3M.

ETH's price read at $1,911.79, with a 24-hour trading volume of $10.56B, observing a 67.01% increase.

A cryptocurrency wallet that had remained inactive for three years moved its entire ETH holdings in a single transaction. The wallet liquidated 1,014.67 ETH, valued at $1.92 million, securing a profit of $126,000. The sale occurred despite the wallet previously holding an unrealized profit of $2.3 million at the peak of Ethereum’s price surge.

Ethereum 2021 Wallet Acquisition

According to the Lookonchain report on X, the wallet originally accumulated 1,014.67 ETH in 2021 at an average price of $1,771 per token. The total acquisition cost was $1.8 million. Since then, the wallet remained fixed, holding its ETH without any registered transactions. Over the past three years, Ethereum underwent price fluctuations, reaching an ATH above $4,800 in November 2021.

At Ethereum’s highest price point, the wallet’s holdings were worth approximately $4.1 million, resulting in an unrealized gain of around $2.3 million. However, the owner did not liquidate at peak levels. Instead, the ETH remained untouched until the recent transaction, when the entire balance was sold at a lower valuation.

Ethereum Sold at Current Market Value

The transaction resulted in the wallet receiving $1.92 million, reflecting a total gain of $126,000 over the original purchase price. The sale price suggests that Ethereum was sold at approximately $1,892 per token. The decision to sell after three years, despite missing out on higher profits, indicates that the wallet holder opted to exit at current market conditions.

According to CoinMarketCap data at the time of press, Ethereum's price stands at $1,911.79, reflecting a 0.25% increase over the past day. The market capitalization has reached $230.6 billion, showing a 0.24% rise. The 24-hour trading volume is $10.56 billion, marking a 67.01% increase

Source: CoinMarketCap

The network maintains a fixed supply of 120.62 million ETH and its current circulating supply remains the same. The price of Ethereum experienced a range between $1,912.57 and $1,906.95. Intraday price volatility leads to market movements as trading activity reached 4.53% of the market capitalization according to the volume-to-market cap ratio.