Ethereum ICO participant offloads $23 million in ETH: onchain analyst

An early Ethereum (ETH) investor sold $23 million worth of ether on Thursday in a fresh round of profit-taking, according to onchain data tracked by Lookonchain.

The latest transaction adds to a string of recent moves by long-term Ethereum holders, who have trimmed positions after years of riding out multiple market cycles. 

Earlier this week, a separate ICO-era wallet sold around 15,002 ETH, worth roughly $31 million, after a decade-long hold, transferring the funds to Coinbase while still retaining a sizable balance.

Ether fell 2.6% over the past 24 hours to $2,058 as of 2:00 a.m. ET on Friday, according to The Block's price page, and remains more than 50% below its August 2025 peak of around $4,900.

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