An early Ethereum adopter who accumulated 154,076 $ETH at an average price of $517 is showing no signs of slowing down their exit. In just the past two days, this whale moved another 40,251 $ETH (worth approximately $124M) onto a major exchange, signaling continued distribution pressure. What's notable is that despite these recent deposits, the address still maintains a substantial position of 26,000 $ETH valued at around $80.15M. The pattern here is worth watching—persistent selling from an OG holder often attracts market attention, especially given the scale of these movements. Whether this represents a gradual portfolio rebalancing or signals deeper sentiment shifts remains something traders and analysts are tracking closely in the current market cycle.
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An early Ethereum adopter who accumulated 154,076 $ETH at an average price of $517 is showing no signs of slowing down their exit. In just the past two days, this whale moved another 40,251 $ETH (worth approximately $124M) onto a major exchange, signaling continued distribution pressure. What's notable is that despite these recent deposits, the address still maintains a substantial position of 26,000 $ETH valued at around $80.15M. The pattern here is worth watching—persistent selling from an OG holder often attracts market attention, especially given the scale of these movements. Whether this represents a gradual portfolio rebalancing or signals deeper sentiment shifts remains something traders and analysts are tracking closely in the current market cycle.