A graph embedding is an emerging approach that can represent a graph structure with a fixed-length low-dimensional vector. node2vec is a well-known algorithm to obtain such a graph embedding by sampling neighboring nodes on a given graph with a random walk technique. However, the original node2vec algorithm typically relies on a batch training of graph structures; thus, it is not suited for applications in which the graph structure changes after the deployment. In this paper, we focus on node2vec applications for IoT (Internet of Things) environments. To handle the changes of graph structures after the IoT devices have been deployed in edge environments, in this paper we propose to combine an online sequential training algorithm with node2vec. The proposed sequentially-trainable model is implemented on a resource-limited FPGA (Field-Programmable Gate Array) device to demonstrate the benefits of our approach. The proposed FPGA implementation achieves up to 205.25 times speedup compared to the original model on CPU. Evaluation results using dynamic graphs show that although the original model decreases the accuracy, the proposed sequential model can obtain better graph embedding that can increase the accuracy even when the graph structure is changed.