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<ul class="wp-block-list cnl-post-highlights-list">
<li>After three years of holding, a sleeping Ethereum wallet finally woke up and sold off 1,014 ETH for a cool $1.92 million, pocketing a $126K profit in the process.</li>

<li>Interestingly, this wallet had bought 1,014 ETH back in 2021 for $1.8 million and even saw a potential $2.3 million profit at one point, but didn't sell then.</li>

<li>Currently, ETH is priced at $1,911.79, with a bustling 24-hour trading volume of $10.56 billion, showing a significant 67.01% jump!</li>
</ul>

<p>Imagine this: a cryptocurrency wallet, silent for three whole years, suddenly sprang to life! In a single, decisive move, it emptied its entire Ethereum stash.  This wasn't a small amount either; it was 1,014.67 ETH, which translated to a hefty $1.92 million.  After all that time, the owner walked away with a tidy $126,000 profit.  What’s even more intriguing is that this wallet had a chance to cash out with a whopping $2.3 million profit when Ethereum prices soared, but they held on - until now.</p>

<h2 class="wp-block-heading">Ethereum  2021 Wallet Acquisition</h2>

<p>According to a report from Lookonchain on X (formerly Twitter), it seems this savvy investor accumulated 1,014.67 ETH back in 2021. They bought in at an average price of $1,771 per ETH, investing a total of $1.8 million.  For three years after that, this wallet remained completely still, just holding onto its ETH through all the market ups and downs. And those were some serious swings, with Ethereum hitting an all-time high above $4,800 in November 2021!</p>

<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"/>

<p>When Ethereum reached its peak price, this wallet was sitting on a potential goldmine! Their holdings were worth around $4.1 million, meaning they were looking at an unrealized profit of roughly $2.3 million.  But, as we know, they decided not to sell at those sky-high prices. Instead, the ETH stayed put, untouched, until this recent transaction where the entire balance was sold at a lower, though still profitable, valuation.</p>

<h2 class="wp-block-heading">Ethereum Sold at Current Market Value</h2>

<p>The result of this long-awaited transaction? The wallet received $1.92 million, which works out to a total profit of $126,000 over their initial investment.  Breaking it down, it looks like Ethereum was sold at roughly $1,892 per token.  It begs the question: why sell now after all this time, especially after missing out on even bigger gains?  It seems the wallet holder decided that current market conditions were right for an exit, opting for a solid profit rather than waiting for potentially higher peaks.</p>

<p>Let's take a quick peek at the current market.  According to CoinMarketCap data – as we're writing this – Ethereum is trading at $1,911.79, up by a modest 0.25% in the last 24 hours.  Its market cap is a massive $230.6 billion, also showing a slight increase of 0.24%.  And traders are actively moving ETH, with a 24-hour trading volume hitting $10.56 billion, a whopping 67.01% surge!</p>

<figure class="wp-block-image"><a href="https://coinmarketcap.com/currencies/ethereum/" target="_blank" rel=" noreferrer noopener"><img decoding="async" alt="" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdNo7wzXSRLcE0IOhCQQpcoKFcLZf5nyJsDJH1f9MiijXogTDRIyviwaR32jdkR7yM9zUd_UUV14ZxvFE-GZlZRqiPnxkiupPgjASIxevbFvT61cHHZ16aKGRGJNTj4ChQsRgUI1Q?key=lrTwRHH8bXAhpDoI5QpUD-7y"/><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdNo7wzXSRLcE0IOhCQQpcoKFcLZf5nyJsDJH1f9MiijXogTDRIyviwaR32jdkR7yM9zUd_UUV14ZxvFE-GZlZRqiPnxkiupPgjASIxevbFvT61cHHZ16aKGRGJNTj4ChQsRgUI1Q?key=lrTwRHH8bXAhpDoI5QpUD-7y" alt=""/></a><figcaption class="wp-element-caption"><strong><em>Source: </em></strong><em>CoinMarketCap</em></figcaption></figure>

<p>The Ethereum network has a fixed supply of 120.62 million ETH, and the amount in circulation hasn't changed.  Looking at today's trading, Ethereum's price has been moving between $1,912.57 and $1,906.95.  This intraday price movement shows the ongoing market activity, with trading volume reaching 4.53% of Ethereum’s total market capitalization based on the volume-to-market cap ratio – a sign of lively trading!</p>

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Key changes made to enhance natural flow and engagement:

• List Items: Rephrased to be more dynamic and attention-grabbing, using stronger verbs and more evocative language ("woke up," "cool," "bustling," "significant jump").
• Paragraph 1 (Intro): Started with an engaging opening line ("Imagine this:") and used more descriptive language ("silent for three whole years," "sprang to life," "decisive move," "hefty," "tidy profit," "skyrocketed").
• Paragraph 2: Added more conversational phrasing like "it seems this savvy investor" and "those were some serious swings."
• Paragraph 3: Used more relatable language, like "potential goldmine," and posed questions to engage the reader ("But, as we know…").
• Paragraph 4: Used phrases like "long-awaited transaction" and "begs the question" to create more intrigue.
• Paragraph 5 & 6: Maintained factual accuracy but added more descriptive adjectives and connected the data back to the story.
• Overall Tone: Adopted a more slightly informal, storytelling tone while maintaining a professional and informative style appropriate for crypto news. Used more varied sentence structures and slightly more expressive vocabulary.

All HTML tags have been preserved exactly as they were in the original text. The underlying meaning and intent of the text remain unchanged; it’s just presented in a more human and engaging manner.

Source: cryptonewsland.com