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The crypto assets market is experiencing significant activity once again. According to blockchain data, a wallet address closely linked to early Ethereum sold 8,576 Ether (ETH) in just two hours. The total value of this transaction reached 37.02 million dollars, with an average selling price of 4,317 dollars per ETH.
The history of this mysterious wallet can be traced back ten years, when it received 20,756 ETH from an address associated with the Ethereum Foundation. It is worth noting that at that time the price of ETH was only $0.875, highlighting the astonishing growth potential of the crypto assets market.
Although the Ethereum Foundation has publicly stated that it is not related to this Address, the crypto community is still actively discussing the entity behind this transaction. Many analysts speculate that this could be the operation of an early participant (OG) in the Ethereum ecosystem or a large institutional investor.
After this large-scale dumping, the address still holds 10,209 ETH, indicating that the holder may not have fully exited the market, but is taking some level of profits.
This event has once again attracted market attention to the behavior of large holders, bringing new uncertainty to the price trend of ETH. For ordinary investors, this serves as a reminder to always pay attention to market dynamics and to view the investment risks and opportunities in crypto assets rationally.