On March 18, a major early investor transferred around 1,000 BTC worth $71.6 million to the Binance exchange, as noted by EmberCN analysts.
[Ancient whale hoarded 5,000 BTC 13 years ago] sold another 1,000 BTC ($71.57 million) 7 hours ago.
— 余烬 (@EmberCN) March 19, 2026
◎ He accumulated 5,000 BTC at $332 each in November 2013 and began selling from November 2024.
◎ So far, he has transferred 3,500 BTC ($332 million) to Binance, with an average sale price of about $94,786, realizing a profit of $330 million.
◎ He still holds… pic.twitter.com/lZohCloFgT
According to experts, the whale bought 5,000 BTC at $332 per coin in 2013. In November 2024, he began liquidating assets, sending 3,500 BTC worth $332 million to the largest crypto exchange.
The average sale price was $94,786, and the investor's total profit exceeded $330 million. He still holds 1,500 BTC valued at $106.8 million.
Meanwhile, another early Bitcoin investor sold 650 BTC for $46.3 million, as reported by Lookonchain.
Bitcoin OG Owen Gunden, who previously sold 11K $BTC ($1.12B), sold another 650 $BTC ($46.3M) 10 hours ago.https://t.co/Fx6wtq0Whmhttps://t.co/dU3RoJViyh pic.twitter.com/K6e9RwwWsD
— Lookonchain (@lookonchain) March 19, 2026
Including previous transactions, he has sold around 11,000 BTC for $1 billion. Analysts link this wallet to Owen Gunden, though there is no independent confirmation. Such assumptions have sparked discussions within the community.
At the time of writing, Bitcoin is priced at $69,800, having dropped 5.5% in the last 24 hours.
Hourly chart of BTC/USDT on Binance. Source: TradingView.
Ethereum Whale Activity
According to Lookonchain, on March 18, an unknown large investor purchased Ethereum worth over $111 million.
A mysterious whale returned after 7 months of inactivity and spent 111.62M $USDT to buy back 50,706 $ETH at an average price of $2,201.
— Lookonchain (@lookonchain) March 19, 2026
1 year ago, this whale sold 28,683 $ETH at an average price of $3,892 for 111.62M $USDT.
What a perfect buy-low-sell-high move!… pic.twitter.com/3F56jkgr2y
The trader bought 50,706 ETH at an average price of $2,201, spending 111.62 million USDT. This was the wallet's first activity after seven months of inactivity, experts noted. The funds originated from a sale last year: in March 2025, this same whale sold 28,683 ETH at $3,892 per coin.
On March 16, Lookonchain reported that former ShapeShift CEO Erik Voorhees purchased 24,968 ETH for $56.5 million using two wallets. Later, Voorhees denied the information.
not me
— Erik Voorhees (@ErikVoorhees) March 17, 2026
At the time of writing, Ethereum is trading around $2,700, having decreased by 6.4% in the last 24 hours.
It is worth noting that in March, Citigroup lowered its annual Bitcoin price forecast from $143,000 to $112,000. The target for the leading altcoin was revised from $4,304 to $3,175.