Significant Sale of Ethereum: Single Investor Dumps 76,000 ETH as BlackRock Announces Decisive Decision on Crypto Strategy.
A big-time Ethereum (ETH) investor, dubbed an "ICO whale," has dumped all of their ETH. This whale originally scooped up a whopping 76,000 ETH during Ethereum's 2015 initial coin offering, and the massive sell-off occurred just 30 minutes before news of it broke, causing quite a stir in the crypto community.
After selling, the whale moved a significant 2,000 ETH, worth approximately $3.66 million, to the crypto exchange Kraken. The sudden departure has left folks wondering why this whale decided to cash out after almost a decade.
Curiously enough, on the same day, BlackRock, the world's largest asset manager, reportedly added 10,955 ETH, amounting to around $20.1 million, to their Ethereum ETF. This purchase comes on the heels of their earlier Ethereum investment of $54 million. Moreover, BlackRock recently shelled out about $674.91 million on Bitcoin-related ETFs.
Remarkably, the Ethereum price remained relatively unfazed by all this action. ETH is currently trading at around $1,827, according to CoinMarketCap. Ethereum attempted to break past $1,872 but quickly retreated. It then dipped to $1,813, now looking like a temporary support level.
If the ETH price manages to stay above $1,813, it could potentially head towards the $1,925 mark. However, if it falls below $1,813, the next point of focus is the April 30 low of $1,732. So far, the $1,813 support line is holding strong, with no major breakout yet happening.
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Interestingly, this whale's selling of 76,000 ETH appears to be driven by the desire to realize profits, having purchased the tokens as low as $0.31 per ETH in 2015 [3][5]. The whale began offloading portions of their holdings in early May 2025, recording a profit of $10.92 million from selling 6,000 ETH [5], followed by a 2,500 ETH transfer ($4.59 million) to Kraken on May 4 [3], and possibly selling the remaining balance by May 3 according to certain reports [4].
The impact of this whale's activity on the Ethereum price remains somewhat unclear due to conflicting market signals. On one hand, the selling pressure from the whale's transactions coincided with other large deposits, potentially signaling bearish sentiment [5]. On the other hand, simultaneous accumulation by whales occurred, with significant purchases of thousands of ETH within hours [5], suggesting divided market sentiment. No immediate crash was specifically linked to these sales, though analysts have warned of increased selloff risks [2][3]. The overall market dynamics, including competing whale strategies, likely toned down the direct price impact. Events such as this highlight the influence large holders can have on market psychology, even if the concrete prices effects get diluted by counteracting trades.
- The Ethereum (ETH) investor, known as an "ICO whale," who initially invested around 76,000 ETH in 2015, recently sold their entire ETH holdings.
- Following the sale, approximately 2,000 ETH, worth approximately $3.66 million, was moved to the crypto exchange Kraken.
- On the same day, BlackRock, the largest asset manager, added 10,955 ETH, worth around $20.1 million, to their Ethereum ETF, adding to their previous Ethereum investment of $54 million.
- BlackRock also invested approximately $674.91 million on Bitcoin-related ETFs.
- Despite this significant activity, the Ethereum price remained relatively stable, currently trading at around $1,827.
- The whale's selling activity, combined with other factors, has created conflicting signals in the market, with analysts warning of increased selloff risks.
