{"id":73315,"date":"2026-05-30T20:18:57","date_gmt":"2026-05-30T20:18:57","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ethereum-og-offloads-136-million-in-eth-and-wsteth-as-sellers-test-2000\/"},"modified":"2026-05-30T20:18:57","modified_gmt":"2026-05-30T20:18:57","slug":"ethereum-og-offloads-136-million-in-eth-and-wsteth-as-sellers-test-2000","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ethereum-og-offloads-136-million-in-eth-and-wsteth-as-sellers-test-2000\/","title":{"rendered":"Ethereum OG Offloads $136 Million in ETH and wstETH as Sellers Test $2,000"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p><span style=\"font-weight:400\"><\/p>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Lookonchain says an Ethereum OG sold 55,000 ETH and 9,442 wstETH for ~$136M in a week, averaging $2,041.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The selling adds to ETF outflows, pressuring ether as it tests the key $2,000 support level.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Other whales are accumulating, with one buying 21,800 ETH for $47M, signaling split conviction.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><\/span><\/p>\n<h2><span style=\"font-weight:400\">A Week of Steady Selling<\/span><\/h2>\n<p><span style=\"font-weight:400\">The wallet, an early participant holding coins since the network\u2019s first years, sold 55,000 <span>ETH<\/span> worth about $112.25 million and 9,442 wstETH worth roughly $24 million over the past week. The combined $136 million was offloaded at an average price near $2,041 per <span>ETH<\/span>, according onchain data.<\/span><\/p>\n<figure id=\"attachment_818495\" aria-describedby=\"caption-attachment-818495\" style=\"width:742px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-818495\" class=\"wp-caption-text\">Image source: X<\/figcaption><\/figure>\n<p><span style=\"font-weight:400\">The wstETH tokens are a form of wrapped staked ether (wstETH), a liquid version of <span>ETH<\/span> locked in the Lido <span>staking<\/span> protocol. Selling both the liquid and staked portions of a position suggests a holder reducing exposure broadly rather than trimming a single bucket. As an early backer, the seller is likely realizing a substantial profit, given that ether traded far below current levels in its early years.<\/span><\/p>\n<p><span style=\"font-weight:400\">The disposals land at a delicate moment for ether given <span>Bitcoin.com<\/span> News reported last week that a separate wallet <\/span><a href=\"https:\/\/news.bitcoin.com\/ethereum-whale-dumps-20000-eth-41m-single-hour-2026\/\"><span style=\"font-weight:400\">dumped 20,000 ETH for $41.18 million<\/span><\/a><span style=\"font-weight:400\"> in under an hour (as the $2,000 level emerged as a critical support zone). That figure carries technical weight since a decisive break below it could trigger stop-loss cascades and prompt further selling from holders whose coins cost more than $2,000.<\/span><\/p>\n<p><span style=\"font-weight:400\">Furthermore, the <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-bitcoin-whales\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">whale<\/a> activity compounds a stretch of institutional outflows. Spot ether and <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> exchange-traded funds (ETFs) have <a href=\"https:\/\/news.bitcoin.com\/bitcoin-and-ether-etfs-lose-350m-while-xrp-and-hype-draw-inflows\/\">bled for days<\/a>, <\/span><span style=\"font-weight:400\">extending a losing streak<\/span><span style=\"font-weight:400\">. Persistent fund redemptions remove a steady source of demand, leaving the market more sensitive to large individual sellers.<\/span><\/p>\n<h2><span style=\"font-weight:400\">Not Everyone Is Selling<\/span><\/h2>\n<p><span style=\"font-weight:400\">The picture is not uniformly <a href=\"http:\/\/www.bitcoin.com\/get-started\/bull-market-vs-bear-market\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bearish<\/a>. Even as the OG cashed out, an onchain <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-bitcoin-whales\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">whale<\/a> <\/span><a href=\"https:\/\/news.bitcoin.com\/whale-accumulates-21800-eth\/\"><span style=\"font-weight:400\">accumulated 21,800 ETH<\/span><\/a><span style=\"font-weight:400\"> worth about $47 million in a longer-term bet on Ethereum, while another address that sold $24.9 million in ether later <\/span><a href=\"https:\/\/news.bitcoin.com\/eth-whale-sells-24m-buys-back-17m-ethereum-2350\/\"><span style=\"font-weight:400\">bought back $17.5 million<\/span><\/a><span style=\"font-weight:400\"> as prices stabilized. <\/span><\/p>\n<p><span style=\"font-weight:400\">For now, the OG\u2019s week-long sell-down is a reminder that some of Ethereum\u2019s earliest backers are willing to realize profits into weakness. Whether that selling exhausts itself or accelerates a break below $2,000 is likely to hinge on whether ETF flows turn and fresh buyers step in to absorb the supply.<\/span><\/p>\n<p> <!-- --><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/ethereum-og-sells-55000-eth-136-million-2026\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Lookonchain says an Ethereum OG sold 55,000 ETH and 9,442 wstETH for ~$136M in a week, averaging $2,041. The selling adds to ETF outflows, pressuring ether as it tests the key $2,000 support level. Other whales are accumulating, with one buying 21,800 ETH for $47M, signaling [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":73316,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73315"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=73315"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73315\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/73316"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=73315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=73315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=73315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}