🔥 $ETH

ETH

2,953.49

-5.94%

Ethereum OG Just Cashed Out $60M… But the Whales Aren’t Blinking

One of Ethereum’s original ICO giants just took another $60,000,000 off the table.

Bought at $0.31, held for 11 years, and sitting on a 9,500x return — that’s not trading… that’s legendary patience.

He spent $79kback in 2014 for 254,000 ETH, a stack now valued at over $757M. After this recent withdrawal, his main wallet is sitting near $9.3M in ETH. A slow, steady cash-out strategy since September — no panic, no emotion, just harvesting generational profits.

Of course, social media instantly screamed bearish, but here’s the angle everyone missed:

While one OG trims his position, the top 1% of ETH holders actually increased their holdings from 96.1% → 97.6% over the last year.

That isn’t fear… that’s quiet accumulation. The biggest players in the ecosystem are loading up while retail reacts to headlines.

Meanwhile, US spot ETH ETFs flipped positive again, with $60M in net inflows in a single day — four straight green days after more than a week of outflows.

Derivatives traders are also rebuilding exposure, showing controlled positioning instead of risk-off behavior.

So while one early investor takes home the profit of a lifetime, the broader picture hasn’t changed:

✔️ Whales are still accumulating

✔️ ETFs are back in inflow mode

✔️ Market structure is stabilizing

✔️ The next ETH upgrade is getting closer

The real question now:

Did he sell because he thinks the top is in…

Or did he simply run out of patience waiting for ETH’s next big move?

#Ethereum #ETH #altcoins #cryptomarketnews #CryptoMarketWatch