Inactive for 3 Years, Ethereum Wallet Suddenly Sells 1,014.67 ETH: Why?

Bittime - After 3 years of this Ethereum wallet being inactive, suddenly there is a movement of selling a lot of ETH. 

This transaction created a lot of speculation in the community. Check out the news about this sudden sale here!

Unexpected ETH Sale Raises Questions

An Ethereum wallet that had been dormant for three years suddenly moved and sold 1,014.67 ETH, equivalent to about $1.92 million. 

This unexpected transaction caught the attention of the crypto community, giving rise to speculation about its impact on market trends and whale activity.

These sales highlight the unpredictable nature of the crypto market, where long inactive addresses can impact liquidity and price movements. Analysts are watching whether this event could trigger a broader market reaction.

Also read: Ethereum Price History 2015-2025

Inactive Wallet Transaction Details

According to on-chain data from Lookonchain, the wallet initially acquired 1,014.67 ETH at an average price of $1,771 per token, for a total investment of around $1.8 million. 

After holding its assets for three years, the wallet finally moved and sold ETH on March 17, 2025, securing a profit of approximately $126,000 based on the then-market price of $1,900 per ETH.

Although the profit margin seems small in percentage terms, this transaction raises curiosity about the reason behind the sudden move. 

Some speculate that wallet owners may be waiting for favorable market conditions, while others believe that external factors, such as regulatory changes or security concerns, may influence the decision.

Analyst Sees Potential for ETH Price Rally

Ethereum has experienced price fluctuations, with the latest drop pushing its value down 2.4% in the last 24 hours. Nonetheless, some market analysts suggest that ETH could rally towards the $2,200 level in the coming weeks.

Leading crypto analyst Rekt Capital points out that Ethereum is showing resilience by maintaining key support levels despite market turmoil. 

If the bullish momentum continues to develop, ETH could break the key resistance level and record a 15% price increase.

Whale Movements and Market Impact

Beyond this wallet activity, the market has also observed large transactions involving Ethereum. Recent moves involving 30,000 ETH have raised more questions about potential price changes. 

Historically, large transfers of this kind have affected market sentiment, sometimes causing short-term price volatility before eventually stabilizing.

Also read: Time to Buy DOGE Now as Bad Sentiment Builds Up?

Conclusion

Although whale activity may cause momentary price movements, analysts believe that Ethereum's long-term trend remains positive, supported by continued network development and institutional interest. 

This latest sale by an inactive wallet is a reminder that unexpected moves can always occur in the crypto world, reinforcing the need for vigilance among traders and investors.

FAQ

1. Why is this sale of ETH from inactive wallets attracting attention?

The sale of 1,014.67 ETH by a wallet that has been inactive for three years is attracting attention because it could affect the crypto market, especially in terms of liquidity and Ethereum price. In addition, transactions like this often give rise to speculation about why the wallet owner is active again, whether due to market factors, security, or other personal reasons.

2. Does this sale have an impact on the price of Ethereum?

While these sales themselves are not large enough to immediately move the price of Ethereum significantly, legacy wallet activity suddenly becoming active often triggers a reaction in the market. Additionally, other large transactions, such as a 30,000 ETH move by a whale, can increase volatility and affect investor sentiment.

3. Does Ethereum have the potential to experience a price increase after this incident?

Some analysts predict Ethereum still has the potential to rise to the $2,200 level in the coming weeks, especially if bullish momentum continues to develop. However, as always, crypto prices are highly volatile and influenced by many factors, including whale activity, regulation, and overall market sentiment.

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Reference 

ChannelCoin, Inactive Ethereum Wallet Sells 1,014.67 ETH After 3 Years, accessed March 18, 2025.

Author: SD