Ethereum Whale Nets $274 Million Profit in Strategic Exit Amid Market Jitters
An early Ethereum investor has possible accomplished a full exit from their ETH place after on-chain knowledge confirmed the switch of holdings to a centralized alternate. The sell-off is estimated to have generated round $274 million in revenue.
This comes as ETH continues to face promoting stress from US institutional traders as properly. Still, some market analysts stay optimistic concerning the prospects of the second-largest cryptocurrency.
Ethereum OG Whale Exits With 344% Gain
Blockchain analytics agency Lookonchain reported that the investor gathered 154,076 ETH at a mean value of $517. Since late final week, the wallet began transferring ETH to Bitstamp, a centralized cryptocurrency alternate.
“Over the previous 2 days, he deposited one other 40,251 ETH ($124 million) into Bitstamp and nonetheless holds 26,000 ETH ($80.15 million),” Lookonchain posted on January 10.
Several hours in the past, the investor moved the ultimate 26,000 ETH to the alternate. According to Lookonchain, the investor has made an estimated complete revenue of round $274 million, representing a achieve of roughly 344%.
These newest transfers comply with a pattern of gradual deposits that started a lot earlier. Arkham knowledge signifies that the investor initially despatched a complete of 137 ETH to Bitstamp roughly eight months in the past.
This was adopted by a switch of 17,000 ETH three months in the past and one other 18,000 ETH roughly one month in the past, suggesting a long-term, staged exit technique somewhat than a single sell-off.
The timing of the whale’s exit additionally aligns with broader signs of institutional warning. The Coinbase Premium Index for ETH stays deeply destructive. The metric tracks the value distinction between Coinbase, typically used as a gauge of US institutional sentiment, and Binance, which displays broader international retail exercise.
A destructive studying signifies that ETH is buying and selling at a discount on Coinbase in comparison with offshore platforms, suggesting elevated promoting stress from US-based institutional individuals. This pattern has continued into 2026, signaling continued risk-off positioning among professional investors.
Is Ethereum “Undervalued?”
Despite the continued promoting stress, some analysts keep a constructive outlook on ETH, selecting to look past short-term volatility.
Quinten François has advised that Ethereum seems “massively undervalued” when evaluating its economic activity with its value.
Similarly, Milk Road added that the clear mismatch turns into evident when analyzing the info. According to the put up, the amount of financial exercise deciding on Ethereum has continued to develop, even during times when ETH’s value has lagged behind that growth.
The evaluation famous that giant traders proceed to prioritize Ethereum for its uptime, liquidity, settlement reliability, and regulatory readability.
“As extra exercise strikes onchain, transaction quantity and charge era enhance, elevating the financial weight positioned on Ethereum’s base layer. When utilization stays high, ETH has traditionally struggled to stay flat for lengthy. We will go increased as adoption continues. Always zoom out,” Milk Road stated.
From a technical perspective, analysts are figuring out key patterns that might assist a value restoration.
The push and pull between short-term promoting and market confidence make the present Ethereum market a complex one. Early adopter exits and a destructive Coinbase Premium sign warning, whereas rising financial exercise underpins ecosystem power. Whether the ETH value finally aligns with these fundamentals stays to be seen.
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