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Ethereum OG Dumps 10,702 ETH After 2 Years in Dormancy
In a surprising move, an early adopter of Ethereum (ETH), popularly known as an “OG” (original gangster), has decided to sell a massive 10,702 ETH after holding it for two years. The sheer scale of the sale has raised eyebrows among crypto enthusiasts and investors alike.
According to reports, this long-dormant wallet owner chose to exit their position at a critical moment in the market. As of this writing, CoinMarketCap data shows that Ethereum was trading at $1,590.82, up 7.37% over the past 24 hours. Despite this short-term bullish momentum, it’s still uncertain whether this sudden sell-off will have any significant impact on the market.
The timing of the sale is particularly noteworthy given the recent selloff in the Ethereum space. Just yesterday, a report emerged about an Ethereum whale selling their coins after holding them for years, which further fueled concerns around conversions and panic selling among investors.
Source: https://www.coinspeaker.com/ethereum-og-dumps-10702-eth-after-2-years-in-dormancy/
