Ethereum OG Sells $188M ETH Near $2,040, Buys Back at 23% Discount

ETH3.29%
WBTC2.5%
According to Lookonchain, an Ethereum OG sold $188 million worth of 60,000 ETH, 9,442 wstETH, and 600 WBTC near $2,040 on June 8, exiting ahead of a market crash. The trader subsequently bought back ether at around $1,563, roughly 23% below the average sale price, accumulating approximately $55.8 million in ETH over two days. On-chain data indicates the wallet still holds sizable stablecoin reserves, suggesting the investor may continue accumulating if prices remain depressed.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments