According to Lookonchain, an early Ethereum holder sold 501 ETH worth $1.29 million after remaining inactive for two years, while still retaining 8,052 ETH valued at $20.43 million (source: Lookonchain via Twitter, June 17, 2025). Traders should note that such significant movements from long-term holders can create short-term selling pressure and influence ETH price volatility. Monitoring further actions from this wallet is crucial for market participants, as large liquidations by OG holders often signal key turning points and affect Ethereum's liquidity and sentiment.

According to Lookonchain, Ethereum OG wallet '0x4fA0' transferred 2,500 ETH, valued at $6.65 million, to Kraken after four years of inactivity. The wallet still holds 12,157 ETH, worth $32.35 million, indicating a significant reserve that could impact market liquidity if moved further. Traders should monitor Kraken inflows and potential sell pressure, as large dormant wallets awakening often lead to increased volatility and short-term price fluctuations in ETH markets. Source: Lookonchain (twitter.com/lookonchain/status/1925734349854343453).