Over the past two days, Ethereum whales have sold about $40M worth of ETH — but it looks more like strategy than fear.
The well-known “7 Siblings” wallet moved $47M in ETH, then sold $17.2M in a planned portfolio rebalance.
A whale wallet from Ethereum’s ICO era sold 2,300 ETH (~$9.9M). Bought at under $1 in 2015, this was more like cashing in than losing faith.
Sales are spread out, not dumped at once, helping reduce price impact.
Why it’s not panic selling:
Staggered sells keep the market stable.
Portfolio shifts into other assets are common after price rises.
Institutional buying (e.g., FG Nexus buying $200M ETH) is absorbing the selling.
ETH is still holding above $4,200, with strong trading volumes. Analysts say such healthy profit-taking can prevent dangerous price spikes and crashes.
Bottom line: Whales aren’t quitting Ethereum — they’re just taking some profits while staying invested.