Ethereum OG sells $31 million worth of ETH after decade-long hold: onchain analysts

By Timmy Shen • Edited by James Hunt
Markets•March 23, 2026, 6:18AM EDT
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Ethereum OG sells $31 million worth of ETH after decade-long hold: onchain analysts

Quick Take

  • An Ethereum OG sold 15,002 ETH, or $30.97 million, on Monday, but still holds 14,814 ETH, according to Lookonchain.
  • Another whale also sold 5,000 ETH, worth $10.3 million, on the same day, the analysts said.
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An early Ethereum (ETH) investor moved nearly $31 million of their holdings on Monday, according to onchain data.

Blockchain analytics provider Lookonchain flagged that a wallet labeled "0xa2F… F85A," identified as an Ethereum OG, sold 15,002 ETH — worth about $30.97 million — via Coinbase. The wallet still holds 14,814 ETH following the transaction, Arkham labeling shows.

The investor originally received 172,700 ETH roughly a decade ago, when the tokens were worth about $2.2 million, or around $12.83 per ETH, Lookonchain said, citing Arkham data. At current prices, that stash would be valued at roughly $353 million.

Separately, another whale sold 5,000 ETH, or roughly $10.3 million, at around $2,063 per token on Monday to repay part of an outstanding loan, according to Lookonchain.

Despite the sale, the whale still holds roughly 126,000 ETH, or about $257 million, on Aave, with around $122 million in loans remaining. 

Ethereum traded down 1.6% over the past 24 hours at $2,051 as of 6:15 a.m. ET on Monday, according to The Block's ETH price page. It remains down more than 50% from its record high of around $4,900 reached in August 2025.

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