Four Ethereum wallets inactive for nearly eight years reactivated and sold 33,623 ETH at an average price of $1,560, generating about $52.5 million in proceeds and a realized profit of $27.4 million. These wallets originally acquired 37,602 ETH in 2018 at around $830 each and held unrealized gains exceeding $150 million during past bull markets. The sales occurred during a market downturn, well below the peak Ethereum price of nearly $4,946 in 2025, reflecting missed opportunities for higher profits. This activity highlights a trend of long-term Ethereum holders finally exiting positions after extended dormancy.
Cryptocurrency markets exhibit mixed price changes, with Bitcoin trading around $59,377, slightly up by 0.90%. Ethereum is down by 0.87%, while Solana and AAVE show significant gains of 6.69% and 8.02% respectively. Other altcoins like M and VELVET a...
The CoinDesk 20 index rose 0.4% to 1595.41, driven by strong performances from AAVE, which jumped 8.9%, and Solana (SOL), which gained 4.5%. Eleven of the 20 assets in the index traded higher, while NEAR and Ethereum (ETH) lagged with declines of 2.5...
Tether's USDT stablecoin briefly overtook Ether to become the second-largest cryptocurrency by market capitalization, reaching about $186.06 billion compared to Ether's $185.66 billion. This rare flip was driven by increased USDT issuance and a falli...
Bitcoin experienced significant capital outflows as traders moved funds into stablecoins like USDT and USDC, as well as fiat currencies including USD, BRL, and TRY. This shift indicates a defensive market stance, with investors seeking liquidity and ...
Bitcoin bounced back from its lowest level since September 2024, trading near $59,700 after dipping to around $58,100. Meanwhile, ether continued to decline, holding near $1,550, and U.S. equity futures showed signs of weakness. Market stress is evid...
