Ethereum veteran offloaded $188M in ETH, wstETH and WBTC ahead of selloff, then re-entered at lower levels

Blockchain tracker Lookonchain reported that an "Ethereum OG" sold a combined $188 million of crypto ahead of a market downturn, then bought back after prices fell. Prior to the drop, the wallet sold 60,000 ETH worth about $117.25 million and 9,442 wstETH worth about $24 million at an average price of $2,040, and also sold 600 WBTC worth about $47.12 million at an average price of $78,538. Following the selloff, the same wallet repurchased 611 WBTC worth about $38.68 million at an average price of $63,280, along with 60,088 ETH worth about $95.3 million and 10,000 wstETH worth about $21.08 million at an average price of $1,606.