A large sale occurred from an Ethereum investor after 4 years.

The recent rise in Ethereum (ETH) prices and investor interest continues with noteworthy developments. Most recently, a long-silent investor in the market has made waves in the crypto world by selling 1,800 ETH after four years, resulting in a profit of 8.1 million dollars.

Data provided by the on-chain analysis platform Lookonchain reveals the details of this significant sale transaction. The investor in question had followed a long-term investment strategy by withdrawing 5,999 ETH from the Kraken exchange 4 years ago. Having made the initial purchase at an average price of 2,523 dollars per ETH, the fact that the current ETH price is around 4,500 dollars allowed him to put his assets up for sale and achieve a considerable profit.

Such transactions often become a hot topic in markets when they come from “OG” wallets that have remained inactive for a long time. However, it has been observed that the sale transaction carried out by this investor did not create a noticeable selling pressure on the price of Ethereum. Considering the volatile nature of crypto markets, investors should carefully monitor the effects of such large sales.

It is crucial for investors to observe these types of developments in the markets to determine their own strategies. Particularly, the actions of large investors, whether they take positions or make sales, can influence market trends. Therefore, critical price levels and trends for Ethereum and similar crypto assets should be continuously monitored.