TREE NEWS reports: A wallet that withdrew 3,000 ETH from Gemini nine years ago at a cost basis of $18.82 per token has deposited its final 1,000 ETH to an exchange, completing a staged exit that began in August 2025. The latest deposit came nine hours ago at an average price of $2,874.17. If sold, the full position would net a profit of $8.566 million, a 151.7x return on the original $56,400 outlay.
Ethereum OG wallet offloads final 1,000 ETH, closing 3,000 ETH position at 151.7x return
The closing of a nine-year-old position is less a signal about current price than a reminder of how much of Ethereum's supply still sits with early accumulators whose cost basis is a rounding error against today's market. A staged exit spread across months suggests deliberate distribution rather than a single conviction trade, which limits its read-through to any one moment. What matters is whether the completion of this exit marks the end of a supply overhang or the start of broader movement by other long-dormant wallets — that is the open question worth watching.
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