Crypto Whale Unloads $140M ETH Stake After Near-Decade HODL—Just as Gas Fees Spike Again
An early Ethereum investor just made waves by dumping 45,000 ETH—worth roughly $140 million at current prices—after holding since the network’s infancy. The sell-off marks one of the largest single-wallet liquidations in recent memory.
Timing is everything: The move comes as Ethereum’s layer-2 ecosystem struggles with congestion, sending base chain fees back toward painful 2021 levels. Somewhere, a Wall Street quant is nodding sagely at the ’buy high, sell never’ crypto mantra.
While the seller’s identity remains unknown, blockchain sleuths traced the original 2015 purchase to a presale wallet. The ETH was liquidated across three exchanges in under an hour—because when you’ve waited nine years for payday, why bother with limit orders?
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Technical indicators, however, are flashing mixed signals. Some analysts point to bearish divergence in the RSI, hinting at a possible drop toward the $1,400 range if momentum weakens further. Others believe that if broader sentiment improves, ETH could reclaim $2,000 or even push toward $4,000.
Meanwhile, Ethereum co-founder Vitalik Buterin is advocating for a major technical revamp of the blockchain. His latest proposal aims to simplify Ethereum’s design to make it as accessible and transparent as Bitcoin. The plan includes reworking both the consensus and execution layers, potentially making development cheaper and reducing attack risks. While the changes may take time to implement, Buterin believes the end result could help solidify Ethereum’s role in the next phase of blockchain evolution.
