Long-dormant Ethereum wallets resurface as ETH whale profitability turns negative for first time since 2019
By
@cointelegraph
3h ago· 4 min readenNews
Summary
Long-dormant Ethereum wallets from 2017 have reactivated, moving 37,806 ETH into the market as Ether trades around $1,500. This selling pressure from old holders contrasts with continued accumulation by other large investors. The mixed positioning comes amid a historic milestone: long-term ETH whale profitability has fallen below zero for the first time since 2019, meaning every major whale cohort now sits on unrealized losses. The $1,500 price level is under scrutiny as whale traders split between distribution and accumulation strategies.
Source
bskyLong-dormant Ethereum wallets resurface as ETH whale profitability turns negative for first time since 2019cointelegraph.comKey quotes
· 4 pulledEight-year-old Ether (ETH) wallets have started moving coins for the first time since 2017, adding fresh supply to the market as Ether trades just above $1,500.
Onchain data shows 37,806 ETH from long-dormant addresses became active, while separate whale transactions point to continued accumulation by other large investors.
The mixed positioning comes as total long-term ETH whale profitability has fallen below zero for the first time since 2019, leaving every major whale cohort sitting on unrealized losses.
ETH whale traders are split between accumulation and distribution
Multi-year Ether holders are finally selling while other whales continue buying, putting the $1,500 price level under scrutiny.
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