Ethereum Veterans Selling ETH at Multi-Year Highs
Ethereum Veterans Selling ETH at Multi-Year Highs
On-chain data reveals that long-term Ethereum investors, specifically those holding ETH for 3-10 years, have significantly increased their selling activity. This cohort is now distributing approximately 45,000 ETH per day, a level not seen since February 2021, indicating a notable shift in seasoned holders' behavior.
Ethereum Veterans Increase Selling Activity, Highest Since Feb 2021
According to analysis from on-chain analytics firm Glassnode, veteran Ethereum investors, defined as those who have held their ETH for a period greater than three years, are currently engaging in substantial selling. The data indicates that these long-term holders, particularly those with a 3 to 10-year holding history, have ramped up their distribution to approximately 45,000 ETH per day. This selling volume represents the highest level recorded from this specific cohort since February 2021, suggesting a significant change in the market behavior of experienced Ethereum participants.