Eight-Year Ethereum Nap Ends: Four Wallets Wake Up, Cash Out $52M 😴

Four Ethereum wallets that had remained inactive for roughly eight years sold 33,623 $ETH in a four-hour window at an average price of $1,560, according to blockchain analytics platform Lookonchain. The transactions were valued at approximately $52.46 million in total.

The wallets had originally accumulated 37,602 $ETH in 2018, when $ETH was trading at approximately $830, putting the combined cost basis at roughly $31.16 million. Based on the sale prices reported, the realized profit on the 33,623 $ETH sold comes to approximately $27.4 million.

Lookonchain noted that the wallets had reached unrealized gains exceeding $150 million at peaks during $ETH's 2021 and 2025 bull markets but did not sell at those levels. The wallets became active again on the day of the reported sales after eight years of dormancy.

The reactivation of long-dormant whale wallets is being tracked by market participants as a sentiment indicator, particularly when the moves involve early-stage investors. $ETH has traded with elevated volatility in recent sessions, and observers are monitoring whether further sales from these or similar wallets follow.

Lookonchain disclosed the wallet activity and the price data referenced in this report. All figures, including cost basis, sale volumes and realized profit, are drawn directly from the platform's on-chain data. *This is not investment advice.