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Ethereum OG Moves $31M to Coinbase After 10 Years

Published by
Sohrab Khawas

An early Ethereum investor, linked to wallet address 0xa2F…bF85A, recently transferred about 15,000 ETH ($30.97 million) to Coinbase, raising speculation it could be preparing a significant sell-off. This address first accumulated ETH back in 2016 at prices as low as $11.61, meaning its holdings have grown massively in value. If sold now, the profit would be roughly $30.79 million, representing an extraordinary 17,680% return over ten years. The move draws attention to long-term holders’ potential impact on market dynamics.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

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