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Home web3.0 Shocking sale! Ethereum Ancient Whale 24 hours a day throws 6000ETH, costing only US$0.31

Shocking sale! Ethereum Ancient Whale 24 hours a day throws 6000ETH, costing only US$0.31

Jul 30, 2025 pm 06:18 PM
Blockchain Bitcoin cryptocurrency Ethereum Stablecoin btc

The ancient giant Ethereum sold 6,000 ETH 24 hours a day, with a cost of only US$0.31, a profit of more than US$11 million, and a return rate of 610,000 times; 1. This behavior may be a technical adjustment of positions and turn to other investments such as DeFi, stablecoins or BTC; 2. It may also be due to bearish risk aversion on the short-term trend of Ethereum or regulatory risks (such as ETF delays); although the sales volume only accounts for 0.3% of the daily trading volume, and the psychological impact is relatively large, if other low-cost Chuangshi address follow up, it may trigger greater fluctuations, but it may also accelerate the market washing and create opportunities for institutions to enter the market.

Shocking sale! Ethereum Ancient Whale threw 6000ETH in 24 hours, with a cost of only US$0.31 - php Chinese

Ethereum Ancient Whale sells 6,000 ETH 24 hours a day, causing market turmoil

Recently, on-chain data monitored a shocking news: an Ethereum "Ancient Whale" address that had been silent for more than 8 years suddenly woke up and sold 6,000 ETH (about 11.4 million US dollars) in batches through Coinbase within 24 hours, triggering discussions in the community about "epic cash out". What is even more shocking is that the position cost of this address is only US$0.31/ETH. Based on the current price (about US$1,900), the return rate is as high as 610,000 times , and the single return exceeds US$11 million.

Trends of the giant whale: accurate timing or bearish signal?

According to blockchain analysts, the address obtained ETH through mining or early purchases as early as 2015 during the creation stage of Ethereum, and has since "hibernated" for a long time until it suddenly acted this week. During the sell-off period, Ethereum price fell from $1,980 to around $1,900 in a short period of time. Although it did not cause severe fluctuations, market sentiment was significantly frustrated. Some investors are concerned that the sell-off of such low-cost holders may signal profit-taking at more ancient addresses, especially in the absence of rising momentum in Ethereum in the near future.

History repeats itself? The logic behind the behavior of giant whales

Similar cases are not uncommon in the cryptocurrency market. In 2022, another giant Ethereum whale sold 32,000 ETH at a cost of US$0.76, cashing out nearly US$50 million; Bitcoin's "10,000-fold Whale" also caused panic in 2023. There are usually two interpretations of such sell-offs:

  1. Technical position adjustment : Giant whales may turn to other investments (such as DeFi, stablecoins or BTC);

  2. Bearish future : safe-haven reactions to short-term trends of Ethereum or regulatory risks (such as ETF delays).

Market impact and future prospects

Although the sales volume of 6000 ETH only accounts for 0.3% of Ethereum's daily trading volume, the "psychological impact" is greater than the actual selling pressure. On-chain data shows that there are still about 300 Genesis addresses holding more than 30,000 ETH (cost less than US$1), and if collective action is taken, it may cause greater fluctuations. However, there are also opinions that such events may accelerate market washing and provide lower-cost opportunities for institutions to enter.

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