Ethereum News Today: Major ETH Holder Begins Selling 11185 ETH After 4-Year Accumulation at $906.5

A major Ethereum holder, who had been accumulating around 40,000 ETH at an average price of $906.5 since September 2020, has reportedly begun selling off portions of its position. According to on-chain analyst Ai Auntie, the investor offloaded 11,185 ETH over the past two weeks, potentially securing a profit of approximately $31.35 million if sold at current prices [1].

On July 31, the address 0x306...6Ab84 deposited 5,000 ETH to Binance, valued at $19.21 million, and simultaneously initiated a redemption of 6,383.53 ETH to Lido. This marks the second large deposit on a trading platform by this address in the past month. Previously, the same address deposited 6,185 ETH two weeks earlier, amounting to roughly $22.28 million [1].

The ongoing sales suggest the investor is gradually liquidating its long-held Ethereum position, which was built over several years, with the associated address and its funding sources having accumulated 39,546.52 ETH during the period from September 2020 to February 2025. As of now, the address still holds 10,513.14 ETH [1].

The move highlights the activity of a major ETH holder navigating current market conditions, raising questions about broader market sentiment and potential impacts on Ethereum's price dynamics. Such actions by significant on-chain actors are often closely watched by traders and analysts for potential market signals.

Source: [1] An whale who accumulated around 40,000 ETH at an average price of $906.5 over the past two weeks has reportedly started selling off 11,185 ETH (https://www.theblockbeats.info/en/flash/305338)