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Ethereum OG Whale Sells $188M Worth of ETH and WBTC Before Market Crash, Then Buys Back at Lower Prices

2026-06-08 07:02:55

ETH3.44%

WBTC0.03%

According to on-chain monitoring cited by blockchain analysts, an early Ethereum holder sold approximately $188 million in ETH, wrapped staked ETH and wrapped Bitcoin before a recent market crash, then began repurchasing major crypto assets at lower prices. The whale sold 60,000 ETH worth about $117.25 million and 9,442 wstETH worth roughly $24 million near an average price of $2,040, along with WBTC exposure. After the downturn, the wallet bought 611 WBTC worth approximately $38.68 million at an average price of $63,280 and purchased 35,723 ETH for $55.8 million at an average price of $1,563, achieving a buyback discount of roughly $477 per ETH compared to the earlier selling price.

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.

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