The post Ethereum Price Holds Firm as Mystery Whale Dumps 167,855 ETH appeared on BitcoinEthereumNews.com.
Key Takeaways Lookonchain says the whale deposited all 167,855 ETH across multiple exchanges between Aug. 30 and Sept. 4. At the time, ether traded near $2,520, with spot ETH ETFs adding $141 million on Sept. 3. By 10 a.m. EDT on Friday, the price was down lower around $2,453 per ETH. The exit follows $63 million of ETH sales by popular ether hoarder ‘7 Siblings’ and wallet 0xFD10 on Aug. 21. Five Days, Three Updates The wallet’s first movements were tracked on Sept. 1, with onchain sleuths reporting that it had received 167,855 ETH from multiple addresses and deposited 70,739 ETH, worth about $174 million, into exchanges over the prior two days while still holding 97,115 ETH. Bitcoin.com News covered that initial move, noting the transfers arrived in 1,000 to 5,000 ETH batches with ether near $2,430. The very next day, the running total had ballooned up to 103,252 ETH, or $253 million, with 64,603 ETH still in the wallet. The final update landed earlier today when Lookonchain revealed that the whale had finally gotten rid of the entire stash, i.e., 167,855 ETH, worth $408 million. This was done by sending the tokens to different exchanges, although it is still unclear as to which exact platforms were the recipients of such a massive haul. The Market Shrugged At $408 million, the sale ranks among the largest single-wallet ETH exits of the year. Yet ether has climbed through it, with the coin trading near $2,520 on Friday, up about 5.2% over 24 hours, with a market capitalization near $307 billion. That is above the roughly $2,430 level at which the first deposits landed. ETH price as the whale dumped 167,855 ETH over a five-day span. On Friday, Sept. 4, 2026, the price of ether was lower at $2,453 per coin (live…