Ethereum Absorbs $408M Whale Exit And Pushes Back Above $2,500

A major Ethereum (ETH) whale sold its entire 167,855 ETH position, worth $408 million, within five days even as the token rebounded above $2,500.

Key Points:

• The whale sold 167,855 ETH worth $408 million after steadily routing funds to exchanges.
• ETH recovered from below $2,400, touched $2,530 and returned above $2,500 despite the selling.
• The move came after Ethereum finished August with its strongest monthly gain since July 2025.

Ethereum Whale Exit

Blockchain tracker Lookonchain had followed the unidentified holder as the wallet unwound a position assembled from multiple addresses. The entity received 167,855 ETH, valued at about $408 million, before it began sending the tokens to trading platforms at the start of September.

During the first two days, the whale deposited 70,739 ETH worth roughly $174 million across multiple exchanges, leaving about $237 million in the wallet. Lookonchain later said exchange deposits had reached about $253 million as selling continued, before reporting Sept. 4 that the holder had disposed of the full 167,855 ETH.

The whale completed the exit in five days. That made the episode notable not only for its size, but also for the market's ability to absorb a concentrated burst of supply without pushing ETH back below its recent lows.