{"id":78501,"date":"2026-09-22T09:53:27","date_gmt":"2026-09-22T09:53:27","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ico-era-whale-buys-eth-at-2794-as-ethereum-price-now-sits-at-2720\/"},"modified":"2026-09-22T09:53:27","modified_gmt":"2026-09-22T09:53:27","slug":"ico-era-whale-buys-eth-at-2794-as-ethereum-price-now-sits-at-2720","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ico-era-whale-buys-eth-at-2794-as-ethereum-price-now-sits-at-2720\/","title":{"rendered":"ICO Era Whale Buys ETH at $2,794 as Ethereum Price Now Sits At $2,720"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\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\">The ICO-era wallet bought 8,492.8 ETH through four Cow Swap orders on Sept. 21 at about $2,794 each.<\/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\">Hours later ETH touched $2,807, its first trade above $2,800 since Jan. 30, 2026.<\/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\">A separate cluster has bought 21,520 ETH since Sept. 18 and sits on about $3.25M in paper gains.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Four Orders in Eight Minutes<\/h2>\n<p>The trade surfaced <a href=\"https:\/\/x.com\/ai_9684xtpa\/status\/2102220951035498529\" target=\"_blank\" rel=\"noopener noreferrer\">through onchain analyst ai_9684xtpa<\/a>, who described the buyer as an ICO-era whale re-entering the market after half a year away. The wallet, <a href=\"https:\/\/explorer.cow.fi\/address\/0xBE4265E12Cde8b8e1fFd54A92401037AB06a0c5F\" target=\"_blank\" rel=\"noopener noreferrer\">0xBE42\u20260c5F<\/a>, placed four sell orders for stablecoins on Cow Swap, a decentralized exchange aggregator that batches trades, and every one of them filled:<\/p>\n<ul>\n<li>10,049,997.50 DAI for 3,591.36 ETH<\/li>\n<li>4,493,614.20 USDS for 1,611.18 ETH<\/li>\n<li>7,055,997.28 USDC for 2,527.90 ETH<\/li>\n<li>2,125,834.46 USDT for 762.36 ETH<\/li>\n<\/ul>\n<p>That is $23.73 million for 8,492.8 ETH, an average of about $2,794 per coin. Moreover, <a href=\"https:\/\/eth.blockscout.com\/address\/0xBE4265E12Cde8b8e1fFd54A92401037AB06a0c5F?tab=token_transfers\" target=\"_blank\" rel=\"noopener noreferrer\">onchain records show<\/a> the stablecoins left the wallet between 15:29 and 15:37 UTC on Sept. 21. In the same session, the wallet <a href=\"https:\/\/eth.blockscout.com\/address\/0xBE4265E12Cde8b8e1fFd54A92401037AB06a0c5F\" target=\"_blank\" rel=\"noopener noreferrer\">repaid roughly 809<\/a> wrapped ether (WETH) of debt on Aave, a decentralized finance (DeFi) lending protocol, and withdrew about 8,876 ETH of collateral. It now <a href=\"https:\/\/etherscan.io\/address\/0xBE4265E12Cde8b8e1fFd54A92401037AB06a0c5F\" target=\"_blank\" rel=\"noopener noreferrer\">holds around 16,773 ETH<\/a>.<\/p>\n<p>That said, at current levels, the ICO whale\u2019s fresh 8,492.8 ETH is roughly $550,000 underwater, while the five-day accumulator is still comfortably ahead.<\/p>\n<h2>The $0.31 Origin Story<\/h2>\n<p>The same whale subscribed to 38,800 ETH during Ethereum\u2019s ICO at about $0.31 per coin, tokens that arrived when the network went live in 2015. That stake cost roughly $12,028 at the time and would be worth about $106 million at <a href=\"https:\/\/news.bitcoin.com\/crypto-news\/eth-whales-106-million-price-2700\/\">yesterday\u2019s local high near $2,800<\/a> (its first print <a href=\"https:\/\/x.com\/BullTheoryio\/status\/2102132537233645976\" target=\"_blank\" rel=\"noopener noreferrer\">above $2,800<\/a> since late January).<\/p>\n<p>It bears mentioning that wallets from that era rarely trade, which is why trackers\u2019 eyes light up when any of these accounts start moving. And even when they do move, it is typically to accrue a profit. However, this whale bought.<\/p>\n<p>That said, an interesting detail sits two rows lower in the <a href=\"https:\/\/explorer.cow.fi\/address\/0xBE4265E12Cde8b8e1fFd54A92401037AB06a0c5F\" target=\"_blank\" rel=\"noopener noreferrer\">wallet\u2019s order history,<\/a> as on March 27, the same address sold 1,923.05 Aave-wrapped ether for 3,866,637.83 USDC at $2,010.68 per coin. ETH closed that day at $1,992.<\/p>\n<h2>Not the Only Buyer in Town<\/h2>\n<p>Another<a href=\"https:\/\/x.com\/ai_9684xtpa\/status\/2102226683525001281\" target=\"_blank\" rel=\"noopener noreferrer\"> larger pattern<\/a> of a similar nature was flagged earlier today as an entity spreading its buying across fresh addresses accumulated 21,520 ETH, worth about $55.8 million, over five straight days starting Sept. 18.<\/p>\n<p>To elaborate, it bought from $2,450 up to $2,762 for an average of $2,593 and now sits on roughly $3.25 million in paper gains. <a href=\"https:\/\/arkm.com\/explorer\/address\/0x6c12B81695E354f1d110304365c2c67C1E5BB51B\" target=\"_blank\" rel=\"noopener noreferrer\">Four newly linked addresses<\/a> took 6,247.2 ETH in the nine hours before the accumulation was caught by onchain sleuths.<\/p>\n<p>The entity was <a href=\"https:\/\/x.com\/ai_9684xtpa\/status\/2101213388638757005\" target=\"_blank\" rel=\"noopener noreferrer\">tied to selling UBTC<\/a>, Hyperliquid\u2019s wrapped bitcoin, to buy ETH. That echoes the same play as the Hyperliquid whale that swapped <a href=\"https:\/\/news.bitcoin.com\/crypto-news\/eth-whales-106-million-price-2700\/\">1,107 BTC for 34,422 ETH<\/a>, which Bitcoin.com News reported on Sept. 21, although no one has confirmed they are the same buyer.<\/p>\n<p>Corporate treasuries are buying too, with Tom Lee\u2019s Bitmine <a href=\"https:\/\/www.theblock.co\/news\/business\/2026-09-21-crypto-bull-market-underway-tom-lee-says-bitmine-nears-5-ethereum-supply-target-with-27562-eth-buy-415923\" target=\"_blank\" rel=\"noopener noreferrer\">adding 27,562 ETH<\/a> last week (now holding about 4.9% of ETH\u2019s supply). However, funds have been the exception, with spot ether exchange-traded funds (ETFs) <a href=\"https:\/\/news.bitcoin.com\/crypto-news\/eth-whales-106-million-price-2700\/\">shedding $140 million<\/a> in the week leading up to Sept. 18, leaving large wallets to lead the rally.<\/p>\n<p>Lastly, it bears mentioning that ether did not break out alone, with bitcoin\u2019s price also <a href=\"https:\/\/news.bitcoin.com\/market-updates\/bitcoin-price-rips-to-87k-and-suddenly-90k-is-back-in-the-conversation\/\">running up to $87,395<\/a> yesterday.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/crypto-news\/ethereum-ico-whale-buys-back-2794-sold-2010-march\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways The ICO-era wallet bought 8,492.8 ETH through four Cow Swap orders on Sept. 21 at about $2,794 each. Hours later ETH touched $2,807, its first trade above $2,800 since Jan. 30, 2026. A separate cluster has bought 21,520 ETH since Sept. 18 and sits on about [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":78502,"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\/78501"}],"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=78501"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/78501\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/78502"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=78501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=78501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=78501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}