Old Ether wallets moved 37,806 ETH as long-term whale profitability turned negative for the first time since 2019, signaling mixed sentiment among large holders.
Eight-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.&
According to Lookonchain, four Ethereum wallets that received 37,602 ETH nearly eight years ago at an average price of around $830 became active after years of dormancy. The wallets held through the 2021 and 2025 bull markets, when their unrealized gains exceeded $150 million, sold 33,623 ETH for about $52.5 million at around $1,560 on Thursday. The realized profit now stands near $27.4 million.
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