Ethereum Price Holds Firm as Mystery Whale Dumps 167,855 ETH

On September 4, 2026, a large, unidentified Ethereum holder moved its entire stash of 167,855 ETH—worth roughly $408 million—onto multiple exchanges. Despite the massive sell‑off, Ether’s price continued to rise.

Timeline of the Whale’s Moves

On‑chain monitoring first flagged the wallet on September 1, noting that it had received 167,855 ETH from several addresses. Over the next few days the whale deposited the tokens in batches of 1,000‑5,000 ETH across various exchanges.

• August 30‑September 4: All 167,855 ETH were sent to exchanges.
• Initial deposit: 70,739 ETH (~$174 million) moved in the first two days.
• By September 2: Total deposits rose to 103,252 ETH (~$253 million).
• Final exit: Complete liquidation of 167,855 ETH on September 4.

Market Reaction

Ether traded near $2,520 on the day of the final exit, up about 5.2 % over the previous 24 hours and well above the $2,430 level when the first deposits were recorded. The market absorbed the $408 million of supply without breaking its uptrend.

Key factors that supported price included:

• Net inflows of $141 million into U.S. spot Ether ETFs on September 3, led by BlackRock’s ETHA with $72 million.
• Strong demand in other channels, while spot Bitcoin ETFs attracted $731 million the same day.

Context of Recent Large ETH Sales

The whale’s exit follows other notable sales:

• August 21: The “7 Siblings” cluster sold 14,000 ETH for $32.85 million.
• August 21: Wallet 0xFD10 sold 11,252 staked ETH and 1,824 ETH, totaling $63 million.

Against Ether’s market cap of roughly $307 billion, the whale’s holdings represented about 0.13 % of total supply—small in aggregate but large for a single seller.

Price Summary at Publication

At 10 a.m. EDT on Friday, Ether was priced around $2,453 per ETH after a brief market dip triggered by broader crypto sell‑offs.