Ethereum OG Sells $136M in ETH and wstETH

Onchain records show an early Ethereum wallet sold 55,000 ETH and 9,442 wrapped staked ether (wstETH) over a seven-day period for about $136 million, averaging roughly $2,041 per ETH. The transactions occurred as ether traded near the $2,000 support level.

The sales comprised approximately $112.25 million in native ETH and about $24 million in wstETH. wstETH is a token that represents staked ETH locked in a staking protocol and can be traded while the underlying ETH remains staked.

Onchain history indicates the wallet has held coins since Ethereum’s early years. The holder moved both native ETH and staked-ether tokens during the week.

Separate onchain activity recorded another rapid sale of about 20,000 ETH for roughly $41.18 million executed in under an hour. At the same time, one large address accumulated about 21,800 ETH for roughly $47 million, while a different address that sold $24.9 million in ether later repurchased $17.5 million as prices stabilized.

Market data show spot ether and bitcoin exchange-traded funds registered net redemptions over multiple days during the period, removing a recurring source of institutional demand.

Traders identify the $2,000 area as a technical support zone for ether. A decisive break below that level is commonly viewed by market participants as a potential trigger for stop-loss orders.

The onchain figures and market data reported here cover the seven-day window of the sales and related transactions. Prices and fund flows referenced are based on public blockchain records and exchange-traded fund reporting during that period.