4 year round trip to Deep Red
Wallets tagged with 0xFe99 received 9,389 $ETH About four years ago, when Ether changed hands for $4,311 (close to the asset’s record in late 2021), it was worth $40.47 million. It hasn’t sold since. Ether’s recent price is $1,777, so the stash is now worth just $16.69 million.
“this whale held $ETH 23.8 million (-59%) loss over 4 years,” Lookonchain wrote, suggesting that this holder may hold the position through an entire market cycle before eventually capitulating.
Investors who bought at the peak in 2021 are now seeing their assets cut in half, recovering from 2024 to 2025, and then giving away most of their gains in this year’s decline. As a result, many OGs hunkered down. whale 136 million dollars $ETH And earlier this month, I staked derivatives.
Buyers enter the market as prices slump
While all the aforementioned declines were occurring, the newly created wallet 0xf31d withdrew $8,239. $ETH In 12 hours, $14.5 million worth of trades were made across multiple exchanges. At the same time, another whale0x363A, cumulative 11,843 $ETH In just three hours, it’s worth $20.8 million.
Together, the two wallets absorbed approximately $20,082. $ETHApproximately $35.3 million at current prices. Large withdrawals from centralized exchanges are considered a bullish signal, but do not automatically guarantee any bottom price.
At present, $ETH Despite Bitcoin holding its relative position, it has fallen about 32% since the beginning of the year, trading around $1,780. The asset has recently lost the psychologically important $2,000 level that bulls have been guarding for weeks, and that indicator itself could push the token further down in the near to medium term.
Additionally, a reversal could depend on whether currency outflows continue and whether Ethereum is able to regain the $2,000 threshold. Because if it continues to fail, the pressure on remaining long-term holders will remain deep. Interesting times ahead, to say the least!
