Whale Moves $188M in ETH, wstETH and WBTC Ahead of Crypto Slide, Then Re-enters After Dip

An early Ethereum investor moved about $188 million in crypto assets ahead of a broader market decline, according to Lookonchain.

In the initial move, the whale offloaded 60,000 Ethereum (ETH), 9,442 wstETH, and 600 Wrapped Bitcoin (WBTC), with ETH priced around $2,040 and WBTC near $78,538 at the time of sale.

After the downturn, the same wallet re-entered the market and rebuilt its positions at lower prices. It repurchased 60,088 ETH, 10,000 wstETH, and 611 WBTC, with ETH averaging about $1,606 and WBTC around $63,280.

Source: Lookonchain