Ethereum Whale Sells Off 7,000 ETH via Wintermute

An ancient Ethereum whale from 2016 has sold 7,000 ETH worth $21.17 million through Wintermute in November, achieving substantial profits, as reported by on-chain analyst Ai Auntie.

This activity underscores significant market liquidity changes, potentially affecting Ethereum prices and demonstrating the impact of early adopters cashing out their holdings.

Ethereum Whale Nets $19.7 Million in OTC Sale

Using Wintermute, a prominent market maker, the 2016 Ethereum whale has been selling off ETH, amounting to about 7,000 tokens over a month, with a net profit of $19.745 million. These actions, confirmed by on-chain analyst Ai Auntie, emphasize the whale’s strategic market maneuvers.

Market observers note that such significant whale movements can trigger reactions in market liquidity and Ethereum price dynamics. With Bitcoin dominance fluctuating, Ethereum’s sustained hold of nearly $81 million suggests underlying momentum despite recent sales.

Despite the whale’s market moves, no responses from major influencers or regulatory bodies have been documented regarding this specific transaction. Market analysts continue to assess its long-term impact on Ethereum’s liquidity.

Market Reaction to Whale Activity

Did you know? Ethereum whales (large holders) often impact market prices. In 2017, during a similar $20,000 ETH sale, notable fluctuations were observed, affecting both short- and long-term asset valuation.

As of November 30, 2025, Ethereum (ETH) has decreased 1.68% in 24 hours, priced at $2,981.22. According to CoinMarketCap, its market cap stands at $359.82 billion, reflecting a 31.91% decline over 90 days. Trading volume dropped by 35.61%, with 120.70 million tokens circulating.

Coincu experts predict potential ripple effects from such whale activities. Historical patterns suggest these movements often lead to temporary market retractions, as observed after previous whale sell-offs. However, Ethereum’s enduring technological advancements might counterbalance this market volatility.