- Ethereum whales move over $40 million as selling pressure increases
- Early investor sells massive ETH holdings after years of accumulation
- Large holders reduce exposure while maintaining significant Ethereum positions overall
Large Ethereum holders moved substantial amounts of ETH to exchanges, adding pressure to an already weak market. Onchain data shows that long-term investors have started reducing positions after years of holding, as price action remains subdued. According to blockchain analytics data, an early Ethereum investor transferred 15,002 ETH, worth nearly $31 million, to Coinbase. The wallet still holds 14,814 ETH after the transaction, showing that the move was partial rather than a full exit.
The same investor initially received 172,700 ETH around a decade ago, when prices were near $12 per token. That allocation was worth about $2.2 million at the time. At current market levels, the total value of those holdings would exceed $350 million, highlighting the scale of long-term gains. Additionally, another whale sold 5,000 ETH, valued at roughly $10.3 million, to repay part of an outstanding loan. Despite this sale, the investor continues to hold a large position across lending platforms.
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Large Holders Adjust Positions as Market Weakness Persists
Beyond these transactions, data shows that major holders continue to manage exposure rather than exit entirely. One whale still holds about 126,000 ETH on Aave, alongside loans totaling around $122 million. This setup indicates ongoing participation in decentralized finance while reducing risk. At the same time, Ethereum’s price has struggled to gain traction. The asset traded near $2,051, marking a daily decline of 1.6%. It also remains more than 50% below its previous all-time high.
Consequently, these movements show a phase where large investors rebalance portfolios. Some secure profits after long holding periods, while others reduce leverage to avoid liquidation risks. Moreover, the use of exchanges for these transfers points to a need for liquidity. However, continued activity in lending platforms shows that investors still maintain exposure to Ethereum’s ecosystem. Overall, recent whale activity highlights calculated adjustments instead of aggressive selling.
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