WuBlockchain
An Ethereum OG unloaded roughly $188 million in ETH, wstETH, and WBTC in the days before a market crash, then re-entered at lower prices and accumulated roughly $155 million more, according to on-chain tracker Lookonchain.
Before the sell-off, the wallet sold 60,000 ETH at an average of $2,040 (~$117.25M), 9,442 wstETH at ~$24M, and 600 WBTC at an average of $78,538 (~$47.12M). After the crash, the same wallet bought back 60,088 ETH at ~$1,606 (~$95.3M), 10,000 wstETH at ~$21.08M, and 611 WBTC at an average of $63,280 (~$38.68M).
Why it matters
Lookonchain-tracked OG wallets carry outsize signal weight for the rest of the market because the addresses have been visibly dormant for years — when one moves size, retail and bot traders treat it as a directional tell. Top-tick distribution followed by methodical re-accumulation at lower prices is the textbook version of that pattern, and it landed cleanly on the bottom of the move this time.
Market impact
The trade netted roughly $33 million of paper alpha on $188 million of pre-crash supply, and the post-crash re-entry added to net ETH and WBTC holdings rather than trimming them — the wallet is bigger after the round-trip, not smaller. Subsequent on-chain chatter around the address will likely amplify the next move it makes.
Frequently asked questions
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How much did the Ethereum OG sell before the crash?
Lookonchain reported the wallet sold 60,000 ETH (~$117.25M), 9,442 wstETH (~$24M), and 600 WBTC at ~$78,538 (~$47.12M), roughly $188M in total.
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What did the wallet buy back after the crash?
After the sell-off, the same wallet bought 60,088 ETH at ~$1,606 (~$95.3M), 10,000 wstETH (~$21.08M), and 611 WBTC at ~$63,280 (~$38.68M) — about $155M of re-accumulation.
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How much profit did the round-trip generate?
The trade netted roughly $33 million of paper alpha by selling ~$188M of supply into the top and re-buying ~$155M at lower prices.
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Why does this OG wallet move matter for the broader market?
Lookonchain-tracked OG addresses sit dormant for years, so size movement on them is treated by retail and bot traders as a directional signal — top-tick distribution followed by methodical re-accumulation is the textbook version of that pattern.
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Is the wallet bigger or smaller after the trade?
Bigger. The post-crash re-entry added to net ETH and WBTC holdings rather than trimming them, so the address ended the round-trip with more exposure than it started with.
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Benjamin Cowen