Ethereum OG Wallet Moves 18,000 ETH to Bitstamp, Realizes Roughly $270M Profit
An Ethereum OG address transferred 18,000 ETH to Bitstamp, according to COINOTAG citing LookIntoChain analytics. The transfer occurred eight hours before the report and was valued at about $54.8 million at the time. On‑chain tracked data show the wallet accumulated 154,076 ETH since 2017 at an average entry price near $517 and sold 87,824 ETH at an average of $1,694, generating roughly $1.488 billion in proceeds. The wallet currently holds 66,252 ETH, valued near $201 million, leaving an estimated documented profit of about $270 million based on tracked activity. The report highlights exchange inflows to Bitstamp and situates the move alongside other on‑chain events including large USDC minting on Solana and significant WBTC/ETH transfers reported the same day. Primary keywords: Ethereum, ETH whale, Bitstamp, exchange inflow; secondary/semantic keywords: on‑chain analytics, wallet profit, crypto whale move, liquidity. This concise update signals a notable exchange deposit from a long‑term Ethereum holder and may affect short‑term exchange liquidity and price action.
Neutral
The transfer of 18,000 ETH to Bitstamp is noteworthy but not immediately market-moving by itself. On the bearish side, a deposit to a centralized exchange can signal intent to sell, increasing short-term sell pressure and potentially widening order books. Historically, large exchange inflows from long-term holders have sometimes preceded short-term price dips. On the bullish/neutral side, the wallet has already realized heavy profits and still retains 66,252 ETH — suggesting partial profit-taking rather than a full exit. The deposit size (~18k ETH, ~$55M at time of transfer) is significant but modest relative to total ETH market cap and daily volumes; therefore its impact on long-term price fundamentals is limited. Traders should monitor subsequent on‑exchange activity (whether the deposit results in market sells), overall exchange net flows, funding rates, and order-book depth. If followed by rapid sell orders, expect short-term bearish pressure; if the funds remain on exchange or are withdrawn back to cold storage, impact is likely neutral. In prior cases (e.g., large whale deposits in 2020–2022), immediate exchange selling correlated with short-term volatility, while transfers that were not sold had minimal effect. Overall classification: neutral, with a short-term bearish risk if selling follows.