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

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.

© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

 

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