{"id":73721,"date":"2026-06-08T09:49:46","date_gmt":"2026-06-08T09:49:46","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ethereum-og-dumps-188m-near-2040-buys-back-eth-23-cheaper\/"},"modified":"2026-06-08T09:49:46","modified_gmt":"2026-06-08T09:49:46","slug":"ethereum-og-dumps-188m-near-2040-buys-back-eth-23-cheaper","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ethereum-og-dumps-188m-near-2040-buys-back-eth-23-cheaper\/","title":{"rendered":"Ethereum OG Dumps $188M Near $2,040, Buys Back ETH 23% Cheaper"},"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\">An Ethereum OG sold 60,000 ETH, 9,442 wstETH and 600 WBTC worth about $188M near $2,040.<\/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 trader bought back ether around $1,563, roughly 23% below the average sale price.<\/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\">Lookonchain data suggests that the trader still has sizable stablecoins holdings, meaning accumulation may continue in the near-to-mid term.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><\/span><\/p>\n<h2><span style=\"font-weight:400\">A Well-Timed Exit<\/span><\/h2>\n<p><span style=\"font-weight:400\">The investor who has been holding coins since the network\u2019s early days sold 60,000 <span>ETH<\/span> worth about $117.25 million and 9,442 wstETH worth roughly $24 million at an average price of $2,040. The same wallet also offloaded 600 WBTC worth about $47.12 million at an average of $78,538.<\/span><\/p>\n<p><span style=\"font-weight:400\">Wrapped staked ether (wstETH) and wrapped <span>bitcoin<\/span> (WBTC) are tokenized versions of staked ether and <span>bitcoin<\/span> that trade onchain, allowing holders to deploy the assets across <span>decentralized finance<\/span> ( <span>DeFi<\/span>) without unwinding their underlying positions. Together, the sales <\/span><span style=\"font-weight:400\">totaled roughly $188 million.<\/span><\/p>\n<p><span style=\"font-weight:400\">Lookonchain<\/span><span style=\"font-weight:400\"> <a href=\"https:\/\/x.com\/lookonchain\/status\/2063797166070796795\" target=\"_blank\" rel=\"noopener noreferrer\">noted<\/a> that the disposals came just before the <\/span><span style=\"font-weight:400\">broader market crash<\/span><span style=\"font-weight:400\"> that dragged <span>crypto<\/span> to its <a href=\"https:\/\/news.bitcoin.com\/why-is-bitcoin-crashing-worst-week-of-2026-59100-low-and-more-than-half-of-all-btc-now-in-the-red\/\">lowest levels of the year<\/a>. By selling near $2,040, the <span>whale<\/span> sidestepped a steep decline in ether\u2019s price over the following days.<\/span><\/p>\n<p><span style=\"font-weight:400\">The investor did not stay on the sidelines for long because, following the crash, they began repurchasing at a discount, buying back ether at around $1,563, roughly 23% below the average price at which it had sold. Reports put the early buyback at about $55.8 million worth of <span>ETH<\/span> accumulated over two days.<\/span><\/p>\n<figure id=\"attachment_821146\" aria-describedby=\"caption-attachment-821146\" style=\"width:741px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-821146\" class=\"wp-caption-text\">Image source: X<\/figcaption><\/figure>\n<p><span style=\"font-weight:400\">The round trip once again showed the magic of disciplined trading that has historically separated seasoned holders from the leveraged crowd that was liquidated during the same stretch. By selling high and buying low, the <span>whale<\/span> effectively increased its token holdings without adding fresh capital, a maneuver that compounds gains across <span>volatile<\/span> cycles.<\/span><\/p>\n<p>Lastly, L<span style=\"font-weight:400\">ookonchain noted that the wallet still holds sizable <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoin<\/a> holdings, implying that the entity may continue to accumulate if prices remain depressed. That dry powder leaves room for further buying should ether extend its slide or consolidate near current levels.<\/span><\/p>\n<h2><span style=\"font-weight:400\">A Familiar Pattern in 2026<\/span><\/h2>\n<p><span style=\"font-weight:400\"> <a href=\"https:\/\/www.bitcoin.com\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Bitcoin.com<\/a> News has previously reported on the Ethereum OG\u2019s prior moves, as he most recently <\/span><a href=\"https:\/\/news.bitcoin.com\/ethereum-og-sells-55000-eth-136-million-2026\/\"><span style=\"font-weight:400\">offloaded 55,000 ETH<\/span><\/a><span style=\"font-weight:400\"> worth about $136 million a little over a week ago as sellers tested the $2,000 level (part of a wave of profit-taking by long-term holders). The<\/span><span style=\"font-weight:400\"> trades were closely watched by backers since whenever an early Ethereum investor holding enormous unrealized gains starts to move, <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-fundamental-technical-and-sentimental-analysis-in-trading\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">market sentiment<\/a> alters in a big way.<\/span><\/p>\n<p><span style=\"font-weight:400\">The trade is one of the cycle\u2019s cleaner round trips against an otherwise rocky market, where a near-perfect exit ahead of the crash was followed by a disciplined re-entry at a steep discount. In a market that flushed out so many leveraged traders, Ethereum OG\u2019s playbook is fast becoming a study in patience, one that other large investors might ape over the coming year, especially since conditions are expected to remain shaky for the foreseeable future. <\/span><\/p>\n<p><span style=\"font-weight:400\">The <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> fear and greed index currently stands at a reading of 8, a drop of 4 points over the past 24 hours and 39 points since last month.<\/span><\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/ethereum-og-sells-188-million-before-crash-buys-back\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways An Ethereum OG sold 60,000 ETH, 9,442 wstETH and 600 WBTC worth about $188M near $2,040. The trader bought back ether around $1,563, roughly 23% below the average sale price. Lookonchain data suggests that the trader still has sizable stablecoins holdings, meaning accumulation may continue in [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":73722,"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\/73721"}],"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=73721"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73721\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/73722"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=73721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=73721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=73721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}