Recently, there has been a significant stir in on-chain data—an early Ethereum investor transferred over 40,000 ETH within two days, equivalent to about 124 million RMB. This guy bought in at an average price of $517 during the dip, acquiring more than 154,000 ETH at once. He still holds 26,000 ETH, which, at current prices, is worth over $80 million.



This series of large transactions immediately sparked heated discussion in the community. Everyone is pondering—are they adjusting their position? cashing out profits? or have some outlook on the market? Based on the frequency and volume of on-chain operations, it’s clear that this seasoned investor is actively adjusting their strategy.

However, speaking of which, the current global economic situation is unpredictable, and policies in various countries are constantly evolving. These macro factors inevitably influence market sentiment and investor judgment to some extent. Therefore, such large transfers often reflect market participants’ attitude toward short-term trends—whether proactive or cautious—worth paying close attention to.
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FastLeavervip
· 01-10 18:52
This guy really made a killing, did he buy the dip at 517? I'm still stuck in the high position right now.
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HodlVeteranvip
· 01-10 08:04
Early players' moves are basically giving our new retail investors a lesson. Watch out and don't go all-in again. The courage my older brother had to buy the dip on 517 back then still makes me want to take medication when I think about it now. Retail investors like us should learn from his rebalancing strategy and stop trying to go all-in every day. This rhythm feels like late 2017, when big players were quietly fleeing, and we were still shouting "Go, go, go!" When the bear market hits, it becomes clear that holding cash is better than holding coins. This guy still holds 26,000 ETH—now that's true faith. To be honest, we can't match their judgment. Just stick to dollar-cost averaging and stop trying to catch the bottom or sell at the top. Looking at the frequency of large transfers, the main holder is definitely in the adjustment phase. We should reflect on our own positions. When macro changes happen, big players are the first to run. I've learned this lesson the hard way through many losses.
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AmateurDAOWatchervip
· 01-10 07:58
Whale movements cause the entire network to tremble. This time, it's really quite aggressive. Early bottom-fishing heroes have earned nearly ten times, so it's normal to withdraw now. But the question is... is this guy really bearish or just trying to secure profits? The rhythm of this on-chain operation is a bit strange. $124 million dumped at once—how much confidence (or lack of confidence) does that show? This is why large transfers can attract so much attention—no one can truly understand the intentions of big whales.
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GasWastervip
· 01-10 07:54
Damn, this guy's move is pretty aggressive. Moving 40,000 ETH in just two days, how frantic must that be? Early players are ruthless. Back in 517, I got in and still hold 26,000 now. The profit alone is enough for several generations of ordinary people. Are they bearish? Otherwise, why rush to reduce their positions? Big players' moves usually aren't good news. Why are you so sure they're bearish? Maybe they just want to switch wallets. You guys think too much. When we're following the trend to buy the dip, they're dumping. When they're reducing their positions, we're just starting to chase the rally. That's the difference. Forget it, I can't keep up with this level of operation. Lying flat is the way to go.
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JustHereForAirdropsvip
· 01-10 07:45
This guy is really ruthless. He bought the dip at 517 and now has a net worth of 80 million. I'm still waiting for airdrops, haha.
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ColdWalletGuardianvip
· 01-10 07:44
The big shots who bought the dip at 517 are starting to withdraw. This pace is getting hard to hold up.
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