The recent sale by a major Ethereum wallet known as 0xdE03 has caught the attention of analysts. Over the past three years, this wallet has exhibited a complex asset management strategy involving staking and active withdrawals.
Strategic Withdrawals and Staking Over Three Years
Over the course of three years, the whale withdrew 44,661 ETH (valued at $107.7 million) from exchanges. Withdrawals were made at an average price of $2,411 per ETH. Instead of selling at the first opportunity, the whale opted to stake the assets, earning rewards during retention.
Historical Deposit and Transfer Patterns
Arkham Intelligence data indicates a regular activity of the wallet over several years. Key transfers include: * 14,648 ETH ($32.8M) deposited two years ago. * During the accumulation phase, 11,304 ETH ($20.7M) were transferred from Binance hot wallets. * Several smaller transfers ranging from 1 ETH to over 8,000 ETH, reflecting both testing and large-volume transfers. The recent transfer of 25,755 ETH into Binance underscores how the whale continues using centralized exchanges to sell holdings and secure profits.
Remaining Holdings and Profit Tally
Nevertheless, the whale still possesses 3,362 ETH in staking contracts, even after the massive sales. This brings the overall gain to approximately $73 million and highlights one of the most effective Ethereum buy and sell strategies in recent history. Current blockchain data shows the remaining stake is tied up in Eth2 pools, where the wallet has a balance of 3,361.8881 ETH, equivalent to $15,205,853 at present prices.
The movements of large Ethereum wallets continue to raise concerns among traders due to their potential impact on the market. While such massive sell-offs can exert downward pressure, Ethereum’s liquidity has previously managed to absorb even billion-dollar buys without significant volatility. Nevertheless, the activity of these whales can prompt short-term market fluctuations.
