Crypto Brief: Ethereum OG Offloads $136 Million in ETH and wstETH as Sellers Test $2,000

Across major exchanges, an early Ethereum investor has sold roughly $136 million worth of ether and staked-ether tokens over the past week, adding to the selling pressure already weighing on ETH near the $2,000 mark.

Key TakeawaysLookonchain says an Ethereum OG sold 55,000 ETH and 9,442 wstETH for ~$136M in a week, averaging $2,041.The selling adds to ETF outflows, pressuring ether as it tests the key $2,000 support level.Other whales are accumulating, with one buying 21,800 ETH for $47M, signaling split conviction.

The wallet, an early participant holding coins since the network’s first years, sold 55,000 ETH worth about $112.25 million and 9,442 wstETH worth roughly $24 million over the past week.

The combined $136 million was offloaded at an average price near $2,041 per ETH, according onchain data.

The wstETH tokens are a form of wrapped staked ether (wstETH), a liquid version of ETH locked in the Lido staking protocol.

Selling both the liquid and staked portions of a position suggests a holder reducing exposure broadly rather than trimming a single bucket.

As an early backer, the seller is likely realizing a substantial profit, given that ether traded far below current levels in its early years.

The disposals land at a delicate moment for ether given Bitcoin.com News reported last week that a separate wallet dumped 20,000 ETH for $41.18 million in under an hour (as the $2,000 level emerged as a critical support zone).