An anonymous Ethereum wallet executed a perfectly-timed round trip, selling off $188 million in ETH, wstETH, and WBTC just before a sharp market downturn, then repurchasing larger amounts of all three assets after prices plunged. On-chain data from Lookonchain tracked the strategic moves across multiple transactions.
Pre-Crash Exit: The whale sold 60,000 ETH worth approximately $117.25 million and 9,442 wstETH worth $24 million at an average ETH price of $2,040. Additionally, it offloaded 600 WBTC at an average price of $78,538, bringing total WBTC sale value to $47.12 million. The combined liquidation totaled about $188 million.
Buyback at Lower Prices: After the crash, the wallet bought 611 WBTC at an average price of $63,280 (~$38.68M), 60,088 ETH at an average of $1,606 (~$95.3M), and 10,000 wstETH (~$21.08M). The ETH-linked re-entry cost basis was $1,606 – a 21% discount from the exit price – while WBTC repurchase price reflected a 19% drop.
The result: the whale now holds 88 more ETH, 558 extra wstETH, and 11 additional WBTC compared to before the sales, while pocketing a dollar-denominated surplus. The round trip underscores how deep liquidity and experienced timing can turn market volatility into opportunity, spotlighting the role of large players in Ethereum’s spot and DeFi markets.
