Ether (ETH) fell to a two-year-old low at $ 1,412 this week, and volatility seems to have been too much for a long-lasting proprietor sold by most of their stash acquired to about $ 8 in 2016.

Data On-Chain shows that the wallet in question swapped 14,015 ETH for $ 22 million USDC over a 15-hour period of decentral exchange uniswap.

The investor also sold 6,630 ETH in May 2022 and 4,035 ETH in June 2023 – each time under a major market dip.

This time was no different with ETH that had just fallen from a cyclushøj of $ 4,000 in December. They still have 521 ETH appreciated for $ 830,000.

ETH has rebound in line with the wider market on Thursday and is currently shopping for $ 1,598 after rising by 8.2% in the last 24 hours. Trade volume has also risen by $ 25% to $ 33 billion when optimism crawls into the market after US President Donald Trump’s decision to set tariffs for 90 days.