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Ethereum whale sells $408M ETH but price stays strong above $2,500 amid mixed big investor moves

Market News
04 Sep 2026
Blockonomi
View Source
Neutral
Ethereum whale sells $408M ETH but price stays strong above $2,500 amid mixed big investor moves

An Ethereum whale sold 167,855 ETH worth about $408 million over five days, fully exiting its position. Despite this large sale, Ethereum's price recovered and traded above $2,500, gaining 4.3% in 24 hours. Meanwhile, Invesco ETF clients have continued accumulating ETH, adding about $167 million since March 2026, and Abraxas Capital bought 16,554 ETH worth nearly $40 million while maintaining large short positions. A suspected $1.7 million exploit involving Notional Finance also surfaced, with stolen funds converted into ETH. These mixed activities highlight diverse strategies among large holders as Ethereum's market cap stays above $306 billion.

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