Ethher (ETH) fell to a minimum of two years of $ 1,412 this week and volatility seems to have been too much for a long -time holder, who sold most of his stash acquired in around $ 8 in 2016.
The data in the chain shows that the wallet in question changed 14,015 ETH for $ 22 million USDC for a period of 15 hours in a Uniswap decentralized exchange.
The investor also sold 6,630 ETH in May 2022 and 4,035 ETH in June 2023, each time during a large market sauce.
This time it was no different with ETH that has just fallen from a $ 4,000 cycle in December. They still have 521 ETH valued at $ 830,000.
ETH has recovered in line with the largest market on Thursday, currently quoting to $ 1,598 that increased 8.2% in the last 24 hours. The negotiation volume has also increased by 25% to $ 33 billion as optimism drags into the market after the decision of the president of the United States, Donald Trump to stop tariffs for 90 days.
