A long-dormant cryptocurrency wallet sold all 1,014.67 ETH, valued at $1.92 million, after three years of inactivity, marking a profit of $126,000.

The sale by the dormant ETH wallet has sparked interest in the crypto community because of its potential impact on whale activity and market conditions. This event highlights the volatility and unpredictability of cryptocurrency markets.

1,014 ETH Sold by Dormant Wallet After 3 Years

The wallet, inactive for three years, had originally purchased 1,014.67 ETH at an average price of $1,771, worth $1.8 million. After holding for years, unrealized profits hit $2.3 million.

According to Lookonchain monitoring, the transaction occurred on March 17, 2025. The wallet’s profit, after fees and current market values, reached $126,000. ETH stands at $1,900, reflecting market changes.

Analysts Predict Potential ETH Rally to $2,200

The latest price data indicates that Ethereum is currently trading at $1,900, with a -2.4% change over 24 hours. This reflects broader market volatility, echoed by numerous analysts citing crypto market fluctuations.

“ETH is showing signs of strength and could potentially rally by 15% to reach the $2,200 level in the coming weeks.”

Rekt Capital, Crypto Analyst, stated:

30,000 ETH Whale Movement Highlights Market Impact

Historically, large whale movements, such as the recent 30,000 ETH transfer, cause price effects. These actions affirm the influence whales have on the crypto market’s behavior over time.

Experts compare past whale activities to current events, using data and analytics to assess potential market outcomes. Although unpredictable, historical analysis supports potential future price stability post-whale activity.

The post Inactive Ethereum Wallet Sells 1,014.67 ETH After 3 Years appeared first on Kanalcoin.

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Filed under: News - @ March 17, 2025 2:08 am