Ethereum OG Cashes Out $7.23M From 128x ETH Investment
An early Ethereum investor sold 3,000 ETH for $7.23 million after a 128x return on their initial investment.
An early Ethereum investor sold 3,000 ETH for $7.23 million after a 128x return on their initial investment. Ethereum (ETH) is trading at $2,375.60. This is an original TLT brief based on reporting by Live Bitcoin News, with live market data added, as of Sat, 24 Oct 2026 01:45:02 UTC.
This sale highlights the significant wealth creation in early Ethereum investments and could influence market sentiment around long-term holder behavior.
- Ethereum OG sold 3,000 ETH for $7.23M after a 128x return.
- The wallet bought ETH at $18.83 nine years ago.
- ETH price remains near $2,400 amid flat market conditions.
An early 
Ethereum investor has cashed out a significant portion of their holdings, selling 3,000 ETH for approximately $7.23 million through the Kraken exchange. This transaction was identified by onchain analytics platform Lookonchain.
The investor's wallet originally acquired the ETH at an average price of $18.83 per token, indicating a remarkable 128x return on their initial investment. This sale comes as Ethereum's price remains near the $2,400 mark.
The transaction is notable as it reflects the substantial wealth creation that early Ethereum adopters have experienced. It also provides insight into the behavior of long-term holders who may be taking profits amid the current market conditions.
Ethereum's price has been relatively stable in recent days, with a 24-hour decrease of 0.70% and a 7-day decline of 1.97%. The broader crypto market remains flat, with a total market cap of $2.77 trillion and a Fear & Greed Index of 51, indicating a neutral sentiment.
The sale could influence market sentiment, as it represents a notable example of profit-taking by an early investor. Traders will be watching for any impact on ETH's price and whether other long-term holders follow suit.
Since this brief published about 5 hours ago, Ethereum (ETH) has moved from $2,374.20 to $2,375.60 — +0.06%.
The chart plots ETH's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 ETH ≈ ₦3.28M (about $2,375.60), down 0.7% over 24 hours. The naira itself trades about 3.9% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Ethereum OG Cashes Out $7.23M From 128x ETH Investment — questions & answers
How much did the Ethereum OG originally invest?
The investor bought ETH at $18.83 per token nine years ago.
What was the total value of the ETH sold?
The investor sold 3,000 ETH for approximately $7.23 million.
Why is this transaction significant?
It highlights the wealth creation in early Ethereum investments and may influence market sentiment around profit-taking.
How much is 1 Ethereum worth in naira today?
About ₦3.28M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $2,375.60. The naira price moves with both ETH's US-dollar price and the USDT/NGN rate; use our Ethereum in naira page for any amount.
Has Ethereum's price moved since this brief was published?
ETH is up 0.06% since this brief first published — trading at $2,375.60 now versus $2,374.20 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Live Bitcoin News. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.