Lookonchain: Ethereum OG Dumps 1,500 ETH After 9 Years
Lookonchain reported that an Ethereum OG who purchased 100,000 ETH for $31K in the 2015 ICO sold 1,500 ETH worth $3.46M after nine years of dormancy while retaining 48,500 ETH valued at $112.7M.
SourceAnalysis
Lookonchain flagged another dormant Ethereum ICO participant moving 1,500 ETH ($3.46M) after nine years of inactivity. The address acquired 100,000 ETH for roughly $31K at $0.31 during the 2015 sale and continues to hold 48,500 ETH ($112.7M).
Price sits at $2328.41 beneath both the EMA50 at $2394.37 and EMA200 at $2488.02, confirming the bearish structure while MACD prints a death cross at -23.51. With RSI at 40.56 still neutral and price inside the Bollinger band, the next resistance cluster at the upper band of $2427.38 remains the immediate hurdle before any sustained recovery toward the 50-EMA support zone.
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@lookonchainLooking for smartmoney onchain