Early Ethereum Investor Reportedly Sells 3,000 ETH for $7.23M After Nine Years

An early Ethereum $ETH investor has reportedly sold 3,000 ETH for approximately $7.23 million after acquiring the tokens nine years ago at an average price of just $18.83, according to data attributed to Arkham.
The original purchase would have cost approximately $56,490, implying a return of roughly 128 times the initial investment before transaction costs and taxes.
The reported sale illustrates the substantial gains accumulated by some long-term cryptocurrency holders across multiple market cycles.
However, wallet attribution and the classification of transactions as completed sales require verification. A single large holder realizing profits does not necessarily indicate a broader change in Ethereum market sentiment.