ETHER (ETH) fell to a hollow of two years of $ 1,412 this week and volatility seems to have been too much for a longtime holder, which sold most of their hiding places acquired at around $ 8 in 2016.
Chain data show that the portfolio in question has exchanged 14,015 ETH for 22 million USDC dollars over a period of 15 hours on a decentralized uniswap exchange.
The investor also sold 6,630 ETH in May 2022 and 4,035 ETH in June 2023 – each time during a significant drop in the market.
This time was no different, the ETH coming from a cycle of $ 4,000 in December. They still hold 521 ETH worth $ 830,000.
ETH rebounded in accordance with the larger market Thursday, currently negotiating $ 1,598 after increasing 8.2% in the last 24 hours. The volume of exchanges also increased by 25% to 33 billion dollars while optimism slips into the market after the decision of US President Donald Trump to suspend prices for 90 days.
