Recently, a prominent Ethereum investor drew media attention after resuming significant ETH sales following a long period of dormancy. In April and May of this year, several notable transactions were executed.
Dormant Wallet Awakens
On April 17, 2025, a dormant investment address went active, withdrawing 30,000 ETH worth $47.85 million from cold storage. According to Etherscan records, the address 0x9269…5ff executed three separate transactions, transferring 16,000 ETH, 8,000 ETH, and finally 6,000 ETH. The wallet also moved 3,000 ETH to Kraken.
Continuous ETH Sales
By May 4, 2025, Lookonchain observed that the investor completed ETH sales totaling 16,500 units, which generated earnings of $29.35 million at an average price of $1,779 per ETH. During this period, the Ethereum market ranged from $1,816 to $1,845 according to CoinGecko. Price chart data showed multiple signals of 3,000 ETH sell-offs transitioning from late April to early May.
Market Impact on Ethereum
This significant selling activity did not noticeably affect Ethereum’s market value, which remained stable. The distributed manner in which the whale executed their sales highlights a deliberate strategy to minimize short-term market effects. This strategic approach, combined with a positive market outlook, acted as a buffer against selling pressure.
This situation underscores the considerable profits garnered by early Ethereum investors, who initially invested $121 million when acquiring ETH for merely $24,000.
