An Ethereum OG Who Bought at $18 Just Cashed out $7.23 Million

Crypto Insight Summary: An early ether buyer who paid just $18.83 per coin nine years ago has sold 3,000 ETH worth about $7.23 million, a 128x return. The Trail The math on this trade seems almost absurd, with onchain data from the wallet’s Arkham explorer page showing 3,000 ETH leaving a Gemini hot wallet roughly nine years ago, […] Crypto Insight Analysis: Direction: Bearish ETH Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Large early investor cashing out may create short-term selling pressure.