{"id":42452,"date":"2025-08-15T18:46:56","date_gmt":"2025-08-15T18:46:56","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=42452"},"modified":"2025-08-15T18:46:56","modified_gmt":"2025-08-15T18:46:56","slug":"ethereum-foundation-whales-and-hackers-whats-driving-the-eth-sell-off","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=42452","title":{"rendered":"Ethereum Foundation, Whales, and Hackers: What\u2019s Driving the ETH Sell-Off?"},"content":{"rendered":"<div>\n<p><b>TL;DR<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Whales, hackers, and the Ethereum Foundation wallets moved over $500M in ETH through large sales and withdrawals.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Ethereum transfers rose to 4.6M ETH, nearing the monthly high of 5.2M recorded in July.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Staking inflows hit 247,900 ETH, the highest in a month, locking more supply from trading.<\/span><\/li>\n<\/ul>\n<h2><b>Large Withdrawals and Whale Activity<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Ethereum (ETH) has seen heavy movement from major wallets over the past few days. On-chain data from Lookonchain <\/span><a href=\"https:\/\/x.com\/lookonchain\/status\/1956271265192534446\" data-wpel-link=\"external\" target=\"_blank\"><span style=\"font-weight: 400;\">shows<\/span><\/a><span style=\"font-weight: 400;\"> a newly created wallet pulled 17,591 ETH, worth $81.62 million, from Kraken in just two hours.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Over three days, two new wallets withdrew a combined 71,025 ETH, valued at $330 million, from the exchange.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">One of these wallets, address 0x2A92, has withdrawn 53,434 ETH, worth $242.34 million, in two days. This includes a recent purchase of 30,069 ETH, valued at $138.46 million, during a market drop.<\/span><\/p>\n<h2><b>Major ETH Holders Offload Millions Amid Price Rally<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">In contrast, several separate entities have been disposing of some ETH holdings. A wallet tied to a hacker address 0x17E0 <\/span><a href=\"https:\/\/x.com\/lookonchain\/status\/1956189691465884168\" data-wpel-link=\"external\" target=\"_blank\"><span style=\"font-weight: 400;\">sold<\/span><\/a><span style=\"font-weight: 400;\"> 4,958 ETH for $22.13 million at $4,463, securing a profit of $9.75 million. Earlier this year, the same address sold 12,282 ETH at $1,932 and later bought back part of the amount at higher prices.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A different <\/span><span style=\"font-weight: 400;\">whale <a href=\"https:\/\/x.com\/lookonchain\/status\/1956174606588584011\" data-wpel-link=\"external\" target=\"_blank\">sold<\/a> 20,600 ETH for $96.55 million over the past two days, generating a profit of more than $26 million after holding the position for nine months.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, an Ethereum Foundation-linked wallet, 0xF39d, sold 6,194 ETH worth $28.36 million in the last three days at an average price of $4,578.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Recent sales from the same wallet included an additional 1,100 ETH and 1,695 ETH for over $12.7 million combined.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">The <a href=\"https:\/\/twitter.com\/hashtag\/EthereumFoundation?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">#EthereumFoundation<\/a>-linked wallet(0xF39d) sold another 1,300 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$ETH<\/a>($5.87M) at $4,518 ~11 hours ago.<\/p>\n<p>Over the past 3 days, this wallet has sold a total of 6,194 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$ETH<\/a>($28.36M) at an average price of $4,578.<a href=\"https:\/\/t.co\/4hfCWymHVG\" data-wpel-link=\"external\" target=\"_blank\">https:\/\/t.co\/4hfCWymHVG<\/a> <a href=\"https:\/\/t.co\/ErUyEY8SJy\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/ErUyEY8SJy<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1956156075683799450?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">August 15, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><b>Network Activity on the Rise<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">CryptoQuant data shows Ethereum\u2019s total tokens transferred have been climbing since August 9. After ranging between 1 million and 3 million ETH through late July and early August, transfers have risen to 4.6 million ETH, approaching the monthly high of 5.2 million recorded in mid-July. This increase has occurred alongside a price rally from about $3,400 to $4,600.<\/span><\/p>\n<figure id=\"attachment_408754\" aria-describedby=\"caption-attachment-408754\" style=\"width: 4000px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Ethereum-Tokens-Transferred-Total.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-408754\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Ethereum-Tokens-Transferred-Total.png\" alt=\"Ethereum (ETH) Tokens Transferred (Total)\" width=\"4000\" height=\"2250\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Ethereum-Tokens-Transferred-Total.png 4000w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Ethereum-Tokens-Transferred-Total-300x169.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Ethereum-Tokens-Transferred-Total-1024x576.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Ethereum-Tokens-Transferred-Total-768x432.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Ethereum-Tokens-Transferred-Total-1536x864.png 1536w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Ethereum-Tokens-Transferred-Total-2048x1152.png 2048w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Ethereum-Tokens-Transferred-Total-50x28.png 50w\" sizes=\"auto, (max-width: 4000px) 100vw, 4000px\"><\/a><figcaption id=\"caption-attachment-408754\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/cryptoquant.com\/asset\/eth\/chart\/transactions\/tokens-transferred-total?window=DAY&amp;sma=0&amp;ema=0&amp;priceScale=log&amp;metricScale=linear&amp;chartStyle=line&amp;img=link%2F689efb67b244141e10844201.png\" data-wpel-link=\"external\" target=\"_blank\">CryptoQuant<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Interestingly, staking inflows generally stayed between 20,000 and 80,000 ETH per day over the past month. On August 14, inflows jumped to 247,900 ETH, the highest in the period.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the time, ETH was trading near $4,600. Large staking deposits reduce the amount of ETH available for immediate trading, as staked coins are locked for a set period.<\/span><\/p>\n<figure id=\"attachment_408752\" aria-describedby=\"caption-attachment-408752\" style=\"width: 4000px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Ethereum-Staking-Inflow-Total.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-408752 size-full\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Ethereum-Staking-Inflow-Total.png\" alt=\"Ethereum (ETH) Staking Inflow Total\" width=\"4000\" height=\"2250\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Ethereum-Staking-Inflow-Total.png 4000w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Ethereum-Staking-Inflow-Total-300x169.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Ethereum-Staking-Inflow-Total-1024x576.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Ethereum-Staking-Inflow-Total-768x432.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Ethereum-Staking-Inflow-Total-1536x864.png 1536w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Ethereum-Staking-Inflow-Total-2048x1152.png 2048w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Ethereum-Staking-Inflow-Total-50x28.png 50w\" sizes=\"auto, (max-width: 4000px) 100vw, 4000px\"><\/a><figcaption id=\"caption-attachment-408752\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/cryptoquant.com\/asset\/eth\/chart\/eth2\/staking-inflow-total?window=DAY&amp;sma=0&amp;ema=0&amp;priceScale=log&amp;metricScale=linear&amp;chartStyle=column&amp;img=link%2F689efb7fb244141e10844202.png\" data-wpel-link=\"external\" target=\"_blank\">CryptoQuant<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">In the meantime, ETH trades at $4,647 with a 24-hour volume of $68.25 billion, down 2% on the day but up 19% over the week.<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/ethereum-foundation-whales-and-hackers-whats-driving-the-eth-sell-off\/\">Ethereum Foundation, Whales, and Hackers: What\u2019s Driving the ETH Sell-Off?<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Whales, hackers, and the Ethereum Foundation wallets moved over $500M in ETH through large sales and withdrawals. Ethereum transfers rose to 4.6M ETH, nearing the monthly high of 5.2M recorded in July. Staking inflows hit 247,900 ETH, the highest in a month, locking more supply from trading. Large Withdrawals and Whale Activity Ethereum (ETH) [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-42452","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/42452","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42452"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/42452\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}