WuBlockchain
An Ethereum early adopter executed a near-perfect market-timing trade, offloading $188 million across ETH, wstETH, and WBTC ahead of the recent crash before buying back at significantly lower prices, according to on-chain analytics firm Lookonchain.
The whale sold 60,000 ETH for roughly $117.25 million and 9,442 wstETH for approximately $24 million at an average ETH price of $2,040, while simultaneously exiting 600 WBTC for about $47.12 million at an average of $78,538 per coin.
Why it matters
This kind of coordinated, large-scale exit across multiple assets — ETH, its liquid-staking derivative wstETH, and WBTC — signals that at least one sophisticated long-term holder read the macro setup correctly and acted decisively. Ethereum OGs with wallets of this scale are closely watched by the on-chain community precisely because their moves often precede or amplify broader market shifts.
Market impact
After the crash, the whale bought back 611 WBTC for $38.68 million at $63,280 per coin — a saving of roughly $15,258 per BTC versus the exit price. On the ETH side, 60,088 ETH and 10,000 wstETH were re-accumulated for a combined $116.38 million at an average of $1,606, compared to the $2,040 exit. The round-trip implies an unrealised gain of tens of millions of dollars and a meaningfully larger position in ETH terms than the one sold.
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