Ethereum OG sold ETH and wstETH before rebuying 35,723 ETH lower
On-chain trackers said the long-time holder exited 60,000 ETH and 9,442 wstETH, then bought back 35,723 ETH over two days at lower prices as separate whale accumulation in ETH and WBTC also emerged.
An Ethereum OG sold 60,000 ETH and 9,442 wstETH before later rebuying 35,723 ETH over two days for $55.8 million at an average price of $1,563, according to on-chain tracking reports cited by PANews and Lookonchain. The sale figures were reported as about $117.25 million for the ETH and about $24 million for the wstETH, with average sale prices cited at either $2,040 or $2,106 across the two reports. Separately, another whale bought 57,339 ETH for $90.41 million at $1,577 and 361 WBTC for $22.78 million at $63,120, with PANews citing Onchain Lens as saying the purchases were still ongoing.
- wstETH: Wrapped staked Ether, a tokenized form of staked Ether used in decentralized finance.
- WBTC: A tokenized version of Bitcoin that circulates on other blockchain networks.
- On-chain tracker: A service or analyst account that monitors blockchain wallet activity and reports large transactions.