Ethereum Latest News: Old Ethereum Holders Sell Fastest Since 2021: What’s Driving the Exodus?

Old Ethereum is selling at the quickest rate since 2021, and 45K ETH daily is leaving the veteran wallets with bear market and profit-taking as market conditions.

The outflow of ancient Ethereum addresses is increasing at a rapid pace, which has not been observed in more than two years.  Statistics show that an average of 45,000 ETH is being sold by early investors per day, which indicates high levels of market turnover by the 3-10 years 10-year-old group. 

Analysis by the Cryptopolitan.com marks this occurrence as a strategic change as the whales search for profit-taking exploits to prevent entrapment in new bear cycles.

The selling pressure has elicited ETH price dips such as the recent fall to $3,152.17, made worse by liquidations that reduced open interest to $17 billion. 

In the meantime, even with this selling wave, a plethora of accumulation wallets, staking contracts, and smart vaults indicates continuous ETH holding and belief in the asset over the long term.

Profit-Taking Amid High Unrealized Gains

Ethereum and its wallets continue to record significant unrealized profits, reflecting a high market value to realized value (MVRV) ratio of 2.1, which is the highest in 2025. 

This means that the majority of holders are in profit, but not all whales are eager to gain profits and enhance their average cost basis. 

MVRV has not gone negative in the market, which is traditionally associated with capitulation in bull markets, indicating that, even despite the volatility, Ethereum bears are solid.

Distribution began in August, but it piles on more quickly as sentiment has gone bad and the liquidation spike in October, the Cryptopolitan source notes. 

The current sentiment of Ethereum is at the low segment of the fear and greed index, indicating a wary trader.

Whale Activity Spurs Market Movements

Notable groups of whales, especially the so-called Seven Siblings wallets, have been counterintuitive and net buyers in the recent dips. 

They used huge amounts of money deposited on protocols such as Aave and Spark to purchase huge amounts of wrapped ETH worth hundreds of millions of dollars. 

This purchase strengthens new support areas of around 3,150 per ETH and indicates faith in the market recovery despite the sale of older wallets.

Other wallets, such as BitMine-tied wallets, have been sucking coins, which again points to the realization that as old holders are getting out, active players in the market are still optimistic about the medium-term prospects of Ethereum.

The future of Ethereum is a game of dynamic tension between old investors going out and strategic whales coming in. 

This equity generates active trading prospects and price fluctuations that are supported by the basics of Ethereum within DeFi, staking, and future technological improvements.

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