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Ethereum whale sells $188M near $2,040, buys back ETH 23% cheaper after market crash

Market News
08 Jun 2026
Bitcoin
View Source
Bullish
Ethereum whale sells $188M near $2,040, buys back ETH 23% cheaper after market crash

An early Ethereum investor sold about $188 million worth of ETH, wstETH, and WBTC near $2,040 just before a major market crash, avoiding significant losses. The investor then repurchased ETH at around $1,563, about 23% cheaper, effectively increasing holdings without new capital. This disciplined round trip highlights a strategic approach to volatile markets and suggests potential further accumulation as the wallet still holds large stablecoin reserves. The move is closely watched as a signal for market sentiment amid ongoing uncertainty in crypto prices.

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