Yeliz Akmaca 
Two Ethereum whales who had been inactive for a long time have re-entered the market, selling ETH worth over $7 million.
ICO Whale Sells ETH After 10 Years
The first whale showed no movement for about two years. However, in the past hours, they made a test transfer of 1 ETH and then moved 500 ETH (approximately $1.29 million) out of the wallet for sale. This ETH OG (original gangster), who holds ETH since 2014, had previously sold a total of 4,786 ETH in two separate transactions in 2023, with the total sale value reaching $7.15 million.
An #Ethereum OG sold another 501 $ETH($1.29M) an hour ago after being dormant for 2 years and still holds 8,052 $ETH($20.43M).https://t.co/5kekTXIaZC pic.twitter.com/4PLBTbkS7h
— Lookonchain (@lookonchain) June 17, 2025
The second major move is even more striking. An investor who participated in Ethereum’s initial coin offering (ICO) in 2014 awakened after nearly 10 years and transferred all their holdings. This investor sent a total of 2,000 ETH (about $5.13 million) to Binance a few days ago.
Ethereum’s volatility this week is also notable. ETH rose by 6.65% on Sunday but lost over 5% on Monday. At the time of writing, ETH is trading around $2,580.
June 16 Update:
10 #Bitcoin ETFs
NetFlow: +2,864 $BTC(+$305.87M)🟢#iShares(Blackrock) inflows 2,272 $BTC($242.6M) and currently holds 671,795 $BTC($71.74B).9 #Ethereum ETFs
NetFlow: -3,748 $ETH($9.84M) 🔴#Fidelity outflows 3,496 $ETH($9.18M) and currently holds 465,263… pic.twitter.com/f5PH5lbyXB— Lookonchain (@lookonchain) June 16, 2025
Additionally, significant outflows were recorded from spot Ethereum ETFs. On June 16, there was a net outflow of $10 million. Fidelity Ethereum Fund experienced the largest withdrawal, removing 3,496 ETH. Invesco Galaxy withdrew 172 ETH, Grayscale Ethereum Trust 78 ETH, and Grayscale Ethereum Mini Trust only 2 ETH.
🐳 There are currently 6,392 wallets holding between 1K and 100K Ethereum. Over the past month alone, these key whale and shark wallets have rapidly added more coins as retail traders have taken profit.
During these past 30 days, a net of +1.49M more $ETH has been accumulated by… pic.twitter.com/1hPBTuAOrL
— Santiment (@santimentfeed) June 13, 2025
Although daily outflow data was negative, the weekly net flow was quite positive. Over the past week, a total of 191,057 ETH entered ETFs. This shows long-term investors’ confidence in ETH. At the time of writing, ETH is trading at $2,566. According to analysis platform Santiment, large investors holding between 1,000 and 100,000 ETH wallets accumulated a net 1.49 million ETH in the last 30 days. These purchases increased their holdings by 3.72%. Santiment data shows these investors currently hold 26.98% of Ethereum’s total supply, which has significant potential to influence Ethereum’s price movements.
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