Ethereum whale sells $188M before crash, buys back cheaper

OG ETH wallet sold $188M before the drop, then bought back cheaper, Arkham shows

Ethereum bounced to $1,650 after last week’s slide. Arkham traced an early ETH holder who de-risked before the crash and rebuilt the position lower on-chain.

The exits came first. Then the reload.

• Sold 60,000 ETH at ~$2,040 for ~$117.25M Arkham
• Sold 9,442 wstETH at ~$2,040 for ~$24M Arkham
• Sold 600 Bitcoin-pegged WBTC at ~$78,538 for ~$47.12M Arkham
• Total exit size near $188M Arkham

Then the buys.

• Bought 611 WBTC at ~$63,280. Captured ~$9,300 per coin vs. sale. ~\$5.7M spread realized Arkham
• Bought 60,088 ETH and 10,000 wstETH at ~$1,606. ~$434 per ETH cheaper vs. sale. ~\$30M value captured across ~70,000 tokens Arkham
• Rebuilt exposure near $160M across three assets Arkham

ETH trend stays weak. The chart still leans bearish.

- Price lost the $1,800 support and fell into $1,500–$1,600
- Below the 50D, 100D, 200D MAs, all sloping down
- First task for bulls is to reclaim $1,800; until then, bounces look like relief