Ethereum's oldest wallets dumping ETH at fastest rate since 2021
On-chain data shows Ethereum wallets aged three to ten years are accelerating sales, disposing of holdings at the quickest pace seen since 2021. The move extends a profit-realization trend that kicked off in August, with long-term holders — typically more reluctant sellers — now shifting into distribution. The uptick coincides with larger whale activity and could increase available supply heading into short-term trading windows for ETH.
This matters because veteran holders often act as a stabilizing force; when they sell, it signals caution among early investors and can weigh on price and market sentiment. Traders and analysts will watch exchange inflows, staking withdrawals, and whether selling pressure is concentrated among a few large addresses. If the trend continues, it could amplify volatility for ETH in the coming weeks and influence broader crypto market dynamics.