The crypto market is cloudy, but Ethereum has injected an unexpected boost in the arm.
The giant whale, which has been silent for three years, broke its silence and sold some of its positions. This move may reshape the crypto market landscape. Some people see it as a sign of weakness, but others see opportunities. The battle for interpretation in the crypto circle has begun.
Brief summary
An Ethereum whale sold 7,323 ETH units after holding it for three years, with a total loss of more than US$19 million. The other two giant whales bought a total of 80,000 ETH units worth US$152 million, with obvious market differences. ETH is currently trading at around $1,918, sandwiched between the 100-day and 200-day moving averages, forming a key resistance area. The monthly TD Sequential signal points to the US$3,000 target, while ETH volatility has dropped to its lowest level.
Ethereum's giant whale paradox: one sells, two buys
When one giant whale chooses to surrender, the other two attract large-scale funds on the exchange. The former withdrew 30,000 ETH from Coinbase Prime, while the latter received 50,000 ETH from a wallet associated with Fidelity. A total of 80,000 ETH units, worth US$152 million, changed hands amid the undercurrent of the crypto market.
The giant whale sentiment index remained above 50 for six consecutive days, once touching 66. The giant whale's confidence has returned, but the sentiment of surrender has not completely left the Ethereum market. The surrendered whale sold 7,323 ETH units for US$13.96 million. This sharp contrast reveals deep divisions among institutional investors. Bear markets have divided even the top players. Who is right in this encryption duel? Are they fugitives or suckers?
Address 0x7C5a, pledge, and the US$19 million missing in the crypto storm
Address 0x7C5a purchased ETH in February 2022 and March 2023, at an average cost of US$2,723. Subsequently, it was pledged through Ethereum's proof of interest mechanism to lock the position for several years. On August 8, 2026, it sold 7,323 ETH units for US$13.96 million, a move that shocked crypto traders. The loss on a single transaction reached US$6 million, and the total loss exceeded US$19 million.
"Three years of waiting just to leave." Pledge should be an advantage, but due to the delay in the exit decision, the book loss turned into actual loss. The honest answer is that holding a losing position for so long is either extremely optimistic about Ethereum's future or the timing is too poor.
Large-scale fundraising and bullish signals, ignoring panic
Despite the general panic in the crypto industry, Ethereum's monthly technical signal is firmly bullish. Two TD Sequential buy signals appear on the monthly chart: Black 9 and S13. Historically, these signals heralded the big trend of the crypto market. In September 2022, the black 9 signal heralded a 236% increase. In April 2025, the A13 buy signal heralded a 258% increase. The technical target now points to $3,000, which has 85% room to increase compared to the current price of Ethereum. Immediate resistance for Ethereum is at $2,000.
The Ethereum ETF attracted a net inflow of US$255.6 million in early August, showing institutional interest. ETH volatility is at its lowest level in many years. The surrender of the giant whale can sometimes herald the bottom of the crypto market.
Key Data on Ethereum Trend
ETH prices at the time of writing: US$1,919
Number of ETH sold by giant whales: 7,323
Total loss: more than US$19 million
Number of funds raised: 80,000 ETH units (US$152 million)
Technical Target: US$3,000
Eye of the Storm: Ethereum is at a crypto crossroads
ETH is trading at around US$1,918, hovering between US$1,800 and US$2,000 in the uncertain crypto market. The 100-day and 200-day moving averages meet around $1,950 to $2,050, forming a key resistance area. Social media commentary is polarized: surrender or tax strategy?
"The crypto market can always teach us new things." The massive fundraising of $152 million by other giant whales is in sharp contrast to this sell-off and creates a fascinating paradox in the crypto ecosystem. The market seems to be waiting for a catalyst to break through the current range. In this unpredictable crypto world, the next volatility can be very severe, regardless of whether it is up or down. Giant whale's decision may affect the sentiment of retail investors.
Is the Ethereum market at a critical turning point in the crypto space? The surrender of a giant whale after waiting for three years is a powerful but ambiguous signal. At the same time, the debate over reduced distribution of Ethereum is intensifying among developers. The future of the Internet also faces key decisions in this regard. The next few weeks will be decisive.

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