Ethereum whale afraid of selling off? 'Holding 1 million ETH OG' sells off and buys back ETH after a year, currently holding 59,718 ETH

Ethereum whale afraid of selling off? On-chain data shows that the ancient Ethereum whale holding 1 million ETH, with a cost as low as $0.31, has accelerated its accumulation of Ethereum after a year of selling, with its current holdings valued at $21 million. (Background: The largest Ethereum holding institution, BitMine (BMNR), has incurred a floating loss of $190 million, and Tom Lee expresses confidence: ETH could reach $15,000.) (Context: Bitcoin ETF has seen the largest net outflow in six months; BTC briefly fell below $112,000, and Ethereum lost the $3,400 mark.) On-chain data shows signals of Ethereum's rise? According to Ai Yi's monitoring around 3:30 PM today (August 4), the ancient Ethereum whale, with an average holding cost of about $0.31, after a year-long selling activity, withdrew 13,600 ETH worth $47 million from exchanges in the last three weeks. Currently, this whale holds 59,718 ETH on-chain, totaling about $21 million. It's quite surprising that the 'ETH ICO 1 million $ETH whale' has started buying ETH? This OG, with a cost as low as $0.31, after a year of continuous selling, managed to withdraw 13,600 ETH (worth $47 million) from exchanges in the last three weeks, the latest being 15 minutes ago, at an average price of $3,456. It’s worth noting that it has been over two years since he last accumulated ETH, although during this time he also deposited 6,000 ETH to OKX, but that is far less than the amount accumulated. Is he worried about selling off too much? As of now, he still holds 59,718 ETH on-chain, valued at $21 million. It's quite surprising that the 'ETH ICO 1 million $ETH whale' has started buying ETH? This OG, with a cost as low as $0.31, after a year of continuous selling, managed to withdraw 13,600 ETH (worth $47 million) from exchanges in the last three weeks, the latest being 15 minutes ago, at an average price of $3,456. It’s worth noting that it has been over two years since he last accumulated ETH, although during this time he also deposited 6,000 ETH to #OKX… https://t.co/vyV3f9Vmgg pic.twitter.com/tGM187EUd7 — Ai Yi (@ai_9684xtpa) August 4, 2025 What is the background of this whale? According to public information, this whale comes from the Ethereum ICO era, holding as much as 1 million ETH, with an average holding cost of only $0.31. In July 2024, this whale initiated selling activities, and by early July this year, he had cumulatively sold 358,599.97 ETH, with a total value of up to $897 million, at which time he still held 23,619 ETH, valued at about $61.56 million. The community is curious about this; the current price of Ethereum is $3,560, which is considered a relative high point during this period since last July. After a large amount of selling, he has accumulated more than 30,000 Ethereum again. Could it be that this whale realizes he sold off too much? Another whale accumulates ETH. Additionally, according to Onchain Lens monitoring, another whale withdrew 2,850 Ethereum worth $10.09 million from Kraken around 3 PM today. Currently, this whale's holdings have reached 18,111 ETH, totaling $64 million. A whale withdrew 2,850 $ETH worth $10.09M from #Kraken. Currently, the whale holds 18,111 $ETH worth $64M. Address: 0x1c11ba15939e1c16ec7ca1678df6160ea2063bc5 pic.twitter.com/mg0nXpcKgc — Onchain Lens (@OnchainLens) August 4, 2025 Ethereum stands back at $3,500. Perhaps driven by whale buying pressure, Ethereum's price has finally rebounded today, currently reported at $3,559, rising 2.4% in the last 24 hours. Ethereum trend. Source: OKX Related reports: Celebrating the 10th anniversary of Ethereum's launch, MEXC launches ETH Launchpad, allowing users to split 100 ETH with a minimum of 10% share. Did Ethereum almost not come into existence? Brian Armstrong revealed: He once invited Vitalik to join Coinbase, but missed out due to a U.S. visa issue. The largest holder of ETH but in the worst situation? Bitmine holds 560,000 Ethereum, and its stock price has evaporated by 80% in less than a month. "Ethereum whale afraid of selling off? 'Holding 1 million ETH OG' sells off and buys back ETH after a year, currently holding 59,718 ETH" This article was originally published on BlockTempo (the most influential blockchain news media).