Some Fear Market Downside as Ethereum OGs Continue Taking Profits

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The latest ICO-era sale revived concerns among traders that early holders offloading their bags could pressure the market. While some interpret it as a bearish signal, on-chain data shows the selling has been gradual, not panic-driven, with the wallet trimming holdings consistently since early September.

[Nahid Hossen]

OG profit-taking is normal, but it adds pressure to short-term sentiment.