ETH old-timers are dumping heavily

A whale once accumulated 154,076 ETH at the $517 level, and is now starting to sell aggressively. In the past two days, 40,251 ETH (worth $124M) have been transferred to Bitstamp, and they still hold 26,000 ETH ($80M) in hand.

This early-stage capital has increased more than 7 times at the peak of the bull market — from an initial $80M to over $550M. Now they are cashing out and exiting, while retail investors are still waiting for new highs.