Ethereum OG Nails The Crash: Sells $188M, Buys Back Lower
Summary
Ethereum rebounded above $1,650 after last week’s sharp selloff, and on-chain data from Arkham shows a highly timed move by an early Ethereum holder. Before the crash, the wallet sold about 60,000 ETH, 9,442 wstETH, and 600 WBTC for roughly $188 million, with ETH and wstETH sold around $2,040 and WBTC around $78,538. After prices fell, the wallet rebuilt the positions: 611 WBTC were bought back at about $63,280, and 60,088 ETH plus 10,000 wstETH were repurchased at about $1,606. The sequence implies substantial gains from selling near the top and buying back near the bottom, including an estimated $5.7 million on the Bitcoin leg and roughly $30 million on the Ethereum leg.
