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The largest altcoin is on the move again alongside the rest of the market, surging by over 4% daily to $2,150 as of press time. It even tapped $2,530 earlier today before it was stopped.<\/p>\n
Its market cap has risen to well over $300 billion, but this has provided some market participants with a proper exit opportunity.<\/p>\n
Lookonchain has repeatedly reported on a major whale who has been disposing of their ETH tokens for days. The selling spree began at the start of the month, when the unknown entity received $408 million worth of the altcoin before transferring $174 million to exchanges.<\/p>\n
The deposits continued in the following days, with another major transfer of $253 million to multiple trading platforms. The latest was reported earlier today, which culminated in the sale of all 167,855 tokens ($408 million), meaning that the whale has disposed of the entire ETH fortune in just five days.<\/p>\n
\nInsane!<\/p>\n
This mysterious #Ethereum<\/a> whale has sold off all 167,855 $ETH<\/a>($408M) in the past 5 days.https:\/\/t.co\/PdCiRP6taI<\/a> pic.twitter.com\/YbajyBEhLf<\/a><\/p>\n
\u2014 Lookonchain (@lookonchain) September 4, 2026<\/a><\/p>\n<\/blockquote>\n
Despite this substantial sell-off in just days, the underlying asset has rebounded swiftly from its dip below $2,400. It’s up by more than 4% daily and now sits above $2,500 with a market cap of $305 billion.<\/p>\n
Its market dominance has also increased lately, going past 11% on CoinMarketCap.<\/p>\n
The post Ethereum Whale Keeps Offloading as ETH Price Rockets Past $2.5K<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n