Lookonchain: Ethereum OG Sells 1,500 ETH for $3.48M
Lookonchain reports that an Ethereum OG who acquired 100,000 ETH at $0.31 during the 2015 ICO sold 1,500 ETH worth $3.48 million over the past eight hours and retains 48,500 ETH valued at $112.7 million.
SourceAnalysis
Lookonchain flagged an Ethereum OG wallet that bought 100,000 ETH at $0.31 in the 2015 ICO and just offloaded another 1,500 ETH ($3.48M) in eight hours.
The address still controls 48,500 ETH ($112.7M) after nine years of holding.
ETH trades at $2318.19 on the 4h chart inside the Bollinger Bands with upper resistance at $2390.84 and lower support at $2293.84; the EMA50 at $2381.48 and EMA200 at $2481.9 define the bearish structure while RSI at 39.9 stays neutral and MACD shows a bullish golden cross at -21.38, so price action tests short-term volatility resistance before any test of the 50-EMA support.
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@lookonchainLooking for smartmoney onchain