Early Ethereum Whales Transfer Millions to Exchanges Amid Profit Taking
Long-term Ethereum investors are moving significant ETH holdings to exchanges after nearly a decade of holding.
Long-term Ethereum investors are moving significant ETH holdings to exchanges after nearly a decade of holding. Ethereum (ETH) is trading at ₹2,28,210 ($2,404.71). This is an original Token Times brief based on reporting by Crypto Economy, with live market data added, as of Fri, 23 Oct 2026 17:00:01 UTC.
This development signals potential shifts in the ETH market as early investors cash in on multi-year gains, which could impact price dynamics and investor sentiment.
- Early Ethereum whales are transferring millions in ETH to exchanges.
- These investors acquired ETH at prices far below current levels.
- ETH price remains relatively stable despite the large transfers.
- Ethereum Whale Unlocks $15.95M Profit After 9-Year Hold
- Early Ethereum Whales Transfer Millions to Exchanges Amid Profit Taking — this brief
Several early 
Ethereum investors are transferring significant amounts of ETH to centralized exchanges after holding their positions for nearly a decade, according to data from Lookonchain reported by Crypto Economy.
One notable transaction involved an investor selling 3,000 ETH for over $7.2 million. These investors acquired their ETH positions at prices significantly below the current market value of $2,402.51.
While the exact scale of these transfers is uncertain, the movement of long-term holdings to exchanges suggests potential profit-taking behavior. This could indicate increased selling pressure as more early investors consider cashing in on their multi-year gains.
The Ethereum market has remained relatively stable despite these large transfers, with ETH's price showing a modest 0.29% gain over the past 24 hours. This suggests the market may be absorbing these sales without significant disruption.
The broader crypto market remains flat with a total market cap of $2.8 trillion. 
Bitcoin is also experiencing minimal movement, down 0.03% in the last 24 hours. The Fear & Greed Index remains at 50, indicating a neutral market sentiment.
Since this brief published about 1 hour ago, Ethereum (ETH) has moved from ₹2,28,001.40$2,402.51 to ₹2,28,210.18$2,404.71 — +0.09%.
The chart plots ETH's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 ETH ≈ ₹250,727.09 (about $2,404.71), up 1.3% over 24 hours. The rupee itself trades about 9.9% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Early Ethereum Whales Transfer Millions to Exchanges Amid Pr — questions & answers
How much ETH are the whales transferring?
One investor sold 3,000 ETH for over $7.2 million.
Why are the whales moving ETH to exchanges?
The transfers suggest profit-taking after nearly a decade of holding.
What is the impact on ETH price?
ETH price remains stable with a 0.29% gain in the last 24 hours.
How much is 1 Ethereum worth in rupee today?
About ₹250,727.09 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $2,404.71. The rupee price moves with both ETH's US-dollar price and the USDT/INR rate; use our Ethereum in rupee page for any amount.
Has Ethereum's price moved since this brief was published?
ETH is up 0.09% since this brief first published — trading at ₹2,28,210 ($2,404.71) now versus ₹2,28,001 ($2,402.51) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Crypto Economy. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.