Why There's $13m Worth Of Ether Locked In These 8 Wallets

If you've been following Ethereum wallet news recently, then you probably know that there's about $13 million worth of Ether locked up in these wallets. That's a huge amount and not just because the price of Ether has skyrocketed recently.

Many people wonder what to do with their locked Ether. Some people want to sell their wallets, but others want to keep them so they can continue to use the Ethereum network.

There are two main reasons why you may have a wallet more than you can use:

You hold Ether for speculative purposes. You can hold your Ethereum for a long-term investment or as an investment vehicle similar to a mutual fund or other investment vehicle. In this case, you will want to sell your wallet if you plan to liquidate your holdings soon, as you don't want to lose money on the transaction fees associated with the coin sale.

You hold Ether to hedge against the risk of the cryptocurrency crashing and making it difficult for people like you to recover your investment. In this case, although it may be tempting