Ethereum News: Early Investor Cashes Out Big on Ethereum Profit
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Early Ethereum Investor Sells 14K ETH for $29M Profit
An early Ethereum investor sold 14,000 ETH on February 27, 2025, for a profit of $29 million. The transaction was valued at $31.92 million and tracked by Arkham Intelligence. The ETH was transferred in two separate transactions to Wintermute OTC, a leading crypto trading platform. The investor originally acquired the 14,000 ETH from a long-standing Ethereum address between 2016 and 2018 at an average price of $203.22 per ETH, totaling an investment of $7.3 million.
Uniswap Founder Criticizes Ethereum Foundation’s Advisory Group
Hayden Adams, the founder of Uniswap, has criticized the newly founded Ethereum Foundation’s (EF) advisory group, titled “Silviculture Society.” Adams stated that the initiative was not what the community was looking for and called on the Foundation to improve its communication by taking a clearer and more direct approach. The Ethereum community has expressed concerns over the disconnect between the Foundation’s current initiatives and the transparent communication they expect. There is also unease about the ongoing structural changes and treasury management practices.
Ethereum’s $4K Breakout is Coming – Experts Are Bullish
Ethereum is holding strong at a crucial support level and could rebound to $4,000 in the coming months. Long-term technical patterns, including the 200-week EMA and ascending channel, suggest a bullish trajectory. Institutional accumulation and market liquidity at $4,000 reinforces the potential for a breakout.
What’s Next For Ethereum Price Amid ETH Whales Panic Selling?
Ethereum price decreased below $2,300 after support levels were breached. On-chain data revealed that major Ethereum holder groups increased their selling activities, conducting massive liquidations amounting to over 440,000 ETH in a week. This negative shift in investor sentiment decreased Ethereum’s market value, recording a weekly decline of 14% and a monthly drop of 26%. The increased selling activity among investors, particularly from whales, drove market volatility.
