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Ethereum Whale Sells 1,800 ETH ($8.12M) After Prior 5,999 ETH Kraken Withdrawal at $2,523 — On-Chain Data by @lookonchain | Flash News Detail | Blockchain.News
Latest Update
10/6/2025 6:34:00 AM

Ethereum Whale Sells 1,800 ETH ($8.12M) After Prior 5,999 ETH Kraken Withdrawal at $2,523 — On-Chain Data by @lookonchain

Ethereum Whale Sells 1,800 ETH ($8.12M) After Prior 5,999 ETH Kraken Withdrawal at $2,523 — On-Chain Data by @lookonchain

According to @lookonchain, an Ethereum OG wallet sold 1,800 ETH for approximately $8.12M today. Source: https://twitter.com/lookonchain/status/1975087184480014359 @lookonchain reports the same entity previously withdrew 5,999 ETH from Kraken about four years ago when ETH traded near $2,523. Source: https://twitter.com/lookonchain/status/1975087184480014359 The specific wallets are referenced via Arkham Intelligence at 0xeA4707CB7B10E8c3a7d2ff1D7F8382B64ec592F1 and 0x3EcF6f35457f036960F0816587188452fE596a63, as linked by @lookonchain. Source: https://intel.arkm.com/explorer/address/0xeA4707CB7B10E8c3a7d2ff1D7F8382B64ec592F1 and https://intel.arkm.com/explorer/address/0x3EcF6f35457f036960F0816587188452fE596a63 Based on the reported figures, the implied average sale price is about $4,511 per ETH and the realized gain versus the $2,523 reference price on 1,800 ETH is roughly $3.58M, highlighting notable whale distribution that traders monitor. Source: calculation from @lookonchain-reported values and tweet above

Source

Analysis

In a notable development for Ethereum traders, an early Ethereum holder, often referred to as an OG, has liquidated 1,800 ETH valued at approximately $8.12 million to secure profits, according to blockchain analyst @lookonchain. This transaction highlights the ongoing activities of large holders in the cryptocurrency market, potentially influencing ETH price dynamics and trading strategies. The seller originally withdrew 5,999 ETH, worth $15.14 million at the time, from the Kraken exchange four years ago when the price per ETH stood at $2,523. This move comes amid fluctuating market conditions, prompting traders to assess whale behaviors for insights into future price movements.

Ethereum Whale Activity and Market Implications

Whale transactions like this one are critical for Ethereum trading analysis, as they can signal shifts in market sentiment and liquidity. The OG's decision to sell 1,800 ETH at current levels suggests a strategic profit-taking approach, especially considering the substantial gains accrued since the initial acquisition. Calculating the profits, the original purchase price of $2,523 per ETH contrasts sharply with the recent sale, where each ETH fetched around $4,511 based on the total value. This represents a significant return on investment, underscoring the long-term holding strategies that have paid off for early adopters. Traders monitoring on-chain metrics should note that such sales can introduce selling pressure, potentially testing key support levels in the ETH/USD pair. For instance, if more whales follow suit, it could lead to increased volatility, making it essential to watch trading volumes and order book depths on major exchanges.

Trading Opportunities Amid Whale Movements

From a trading perspective, this Ethereum OG's sale opens up discussions on potential entry and exit points for retail and institutional investors. With no real-time market data indicating immediate dumps, the broader context points to Ethereum's resilience, supported by network upgrades and growing adoption in decentralized finance. Traders might look at ETH/BTC and ETH/USDT pairs for correlations, where recent 24-hour trading volumes have shown steady interest despite such profit-taking events. Key indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) could help identify overbought or oversold conditions following this transaction. Moreover, on-chain data from sources like @lookonchain reveals patterns in whale distributions, which savvy traders use to anticipate breakouts or pullbacks. For those eyeing long positions, support around $4,000 could serve as a buying zone if the market digests this sale without major downturns, while resistance near $5,000 remains a target for bullish scenarios.

Integrating this event into a comprehensive trading strategy involves considering broader market factors, such as institutional flows into Ethereum-based ETFs and correlations with Bitcoin's performance. The sale by this Ethereum OG, timestamped on October 6, 2025, aligns with periods of heightened market activity, where profit realization by long-term holders often precedes consolidations or rallies. Traders should prioritize risk management, using stop-loss orders to mitigate downside risks from unexpected whale activities. Overall, this transaction exemplifies the dynamic nature of cryptocurrency markets, where analyzing whale movements provides actionable insights for optimizing trades and capitalizing on Ethereum's price fluctuations.

Beyond the immediate trade, this story reflects evolving trends in the crypto space, including the maturation of early investors cashing out amid regulatory clarity and technological advancements. For SEO-optimized trading analysis, keywords like ETH price prediction, Ethereum whale selling, and crypto trading strategies emphasize the importance of staying informed. As Ethereum continues to evolve, events like these offer valuable lessons in market timing and portfolio diversification, encouraging traders to blend fundamental analysis with technical indicators for sustained success.

Lookonchain

@lookonchain

Looking for smartmoney onchain