Based

Ethereum

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<p>Ethereum’s early investors have reportedly sold another 4,000 ETH across two wallets as Santiment has recorded the network’s largest daily net exchange outflow in more than four months.</p>
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   <li>1,000 ETH reportedly sold came from an ICO participant who initially bought 100,000 tokens.</li>
   <li>3,000 ETH worth $7.23 million moved from another early holder, according to Lookonchain.</li>
   <li>$18.79 million in AAVE and WLD reached exchanges from an institution inactive for over a year.</li>
   <li>169,770 ETH left exchanges on a net basis, according to Santiment’s Oct. 23 analysis.</li>
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<p>Lookonchain identified the transactions in separate posts on Oct. 23 and Oct. 24, including a 1,000 ETH transfer from an investor who acquired 100,000 tokens during Ethereum’s initial coin offering at $0.31 each. A second <a href="https://x.com/lookonchain/status/2113465196811538822" rel="noopener noreferrer nofollow">post</a> described 3,000 ETH worth $7.23 million sold by a holder whose purchase dated back nine years.</p>
<h2 class="wp-block-heading" id="ethereum-ico-holder-moves-1-of-original-allocation">Ethereum ICO holder moves 1% of original allocation</h2>
<p>In its Oct. 24 post, Lookonchain described the ICO participant as another early investor selling ETH and showed a 1,000 ETH transfer to an address labeled as a Kraken deposit.</p>
<p>“Many Ethereum OGs are selling $ETH!” the tracker <a href="https://x.com/lookonchain/status/2113822543144685937" rel="noopener noreferrer nofollow">wrote</a>.</p>
<p>Based on the purchase figures in that post, the original 100,000 ETH allocation cost $31,000. The 1,000 ETH transaction represents 1% of that initial allocation, with an original purchase cost of $310.</p>
<p>Neither calculation establishes how much ETH the investor still holds. Lookonchain’s post does not provide a complete accounting of earlier sales, transfers, or funds held at other addresses.</p>
<p>You might also like: <a href="https://crypto.news/glamsterdam-is-off-hoodis-october-calendar-as-ethereum-checks-contract-risks/" rel="noopener noreferrer nofollow"> Glamsterdam is off Hoodi’s October calendar as Ethereum checks contract risks </a></p>
<p>The tracker’s Oct. 23 post described a different holder who bought 3,000 ETH at $18.83 each nine years earlier. At the reported $7.23 million valuation, the tokens were worth approximately $2,410 apiece.</p>
<p>Using those rounded inputs, the original investment was $56,490, and the later valuation was approximately 128 times that amount. Lookonchain described the transaction as a sale, while its screenshot showed an outflow to an address labeled as a Kraken deposit.</p>
<p>An exchange deposit records tokens reaching an exchange-linked address. The images do not show the trade execution price, fees, or proceeds received by either holder.</p>
<h2 class="wp-block-heading" id="dormant-institution-deposits-18-79-million-in-aave-and-wld">Dormant institution deposits $18.79 million in AAVE and WLD</h2>
<p>A separate Oct. 24 Lookonchain post identified an institution moving assets after more than a year of inactivity. The tracker put the transfers at 156,690 AAVE worth $22.86 million and 19.74 million WLD worth $10.04 million.</p>
<p>Of those amounts, 62,000 AAVE valued at $9.12 million and 19 million WLD valued at $9.67 million had reached exchanges, the post said.</p>
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   <p>After over a year of inactivity, an institution moved 156,690 <a href="https://x.com/search?q=%24AAVE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$AAVE</a> ($22.86M) and 19.74M <a href="https://x.com/search?q=%24WLD&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$WLD</a> ($10.04M) to sell.<br><br>So far, it has deposited 62,000 <a href="https://x.com/search?q=%24AAVE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$AAVE</a> ($9.12M) and 19M <a href="https://x.com/search?q=%24WLD&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$WLD</a> ($9.67M) into exchanges.<a href="https://t.co/C6jYW3xiK4" rel="noopener noreferrer nofollow">https://t.co/C6jYW3xiK4</a><a href="https://t.co/So5bee595w" rel="noopener noreferrer nofollow">pic.twitter.com/So5bee595w</a></p>— Lookonchain (@lookonchain) <a href="https://x.com/lookonchain/status/2113838395676114966?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 24, 2026</a>
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<p>The two exchange deposits totaled $18.79 million using Lookonchain’s rounded dollar estimates. By token count, the deposited amounts represented approximately 39.6% of the AAVE moved, and 96.3% of the WLD moved.</p>
<p>Subtracting the reported deposits leaves 94,690 AAVE and 740,000 WLD from the respective transfer totals. Those differences describe the amounts not included in the post’s exchange-deposit figures, without establishing their current location or the institution’s remaining portfolio.</p>
<p>Lookonchain characterized the movements as preparations to sell. Its post did not name the institution or provide evidence of completed exchange trades.</p>
<p>For WLD, the latest transfers follow an earlier October recovery. TradingView’s Binance chart recorded the token at $0.5477 on Oct. 10, when it had <a href="https://crypto.news/worldcoin-price-flips-bullish-can-wld-clear-0-61/" rel="noopener noreferrer nofollow">rebounded above $0.51</a> after falling toward $0.46 late on Oct. 8. Those historical readings do not establish its price during the institution’s deposits.</p>
<h2 class="wp-block-heading" id="santiment-identifies-2-400-as-ethereum-s-immediate-pivot">Santiment identifies $2,400 as Ethereum’s immediate pivot</h2>
<p>Santiment’s Oct. 23 analysis reported approximately 169,770 ETH leaving exchanges on a net basis, its largest daily outflow in over four months. The accompanying chart dated the movement to Oct. 22.</p>
<p>The analytics firm said fewer coins held on exchanges generally leave less supply immediately available for sellers. Its comparison focused on June 5, when approximately 223,800 ETH left exchanges on a net basis around a local price low.</p>
<p>Santiment <a href="https://app.santiment.net/insights/read/ethereum-hits-4-month-high-in-exchange-outflows-traders-watch-2-400-11284" rel="noopener noreferrer nofollow">cautioned</a> that the historical comparison did not guarantee another bottom. It identified $2,400 as the immediate pivot, a sustained recovery above $2,500 as strengthening its bottoming case, and a loss of roughly $2,330 as weakening it.</p>
<p>U.S. fund investors had recently reduced exposure. As crypto.news previously reported, Ethereum ETFs recorded <a href="https://crypto.news/ethereum-etf-outflows-bitcoin-etfs-october-2026/" rel="noopener noreferrer nofollow">$320.1 million in withdrawals</a> during Oct. 12–16, based on Farside Investors’ figures, compared with $228.4 million from Bitcoin funds.</p>
<p>BlackRock’s ETHA accounted for nearly $299 million of the Ethereum category’s weekly net withdrawals. Ethereum products received net inflows on only one of the five trading days.</p>
<p>Farside’s daily figures showed $85.4 million in withdrawals on Monday, followed by $24.8 million in net purchases on Tuesday. Wednesday brought $129.5 million in outflows, with another $60.3 million leaving on Thursday and $69.7 million on Friday.</p>
<p>ETHA’s withdrawals equaled approximately 93.4% of the category’s net weekly outflow. The comparison uses the net category total after other funds’ inflows and withdrawals offset one another, rather than the sum of every redemption.</p>
<h2 class="wp-block-heading" id="aave-s-latest-lending-launch-puts-sentora-in-charge-of-three-markets">Aave’s latest lending launch puts Sentora in charge of three markets</h2>
<p>Away from the token transfers, Aave announced its <a href="https://crypto.news/aave-v4-launches-first-externally-curated-lending-markets-with-sentora/" rel="noopener noreferrer nofollow">first externally curated markets</a> on V4 through Sentora on Oct. 22.</p>
<p>The three Ethereum markets support borrowing RLUSD, PYUSD, and OUSD against selected collateral. Sentora manages collateral settings, interest-rate curves, price oracles, and liquidation parameters, while Aave DAO retains ownership of the contracts.</p>
<p>Two yield markets accept USDe, PRIME, mWIN and PST as collateral for RLUSD or OUSD borrowing. The Bluechip market supports loans in RLUSD, PYUSD and OUSD against kBTC, a Bitcoin-backed asset.</p>
<p>Under the launch’s governance safeguards, changes that raise risk face a 48-hour timelock. New collateral assets must pass Aave governance review before listing.</p>
<p>Read more: <a href="https://crypto.news/prediction-markets-cftc-2026-us-midterms/" rel="noopener noreferrer nofollow"> Prediction markets face CFTC scrutiny ahead of 2026 US midterms </a></p>

Ethereum whales sell as outflows hit four-month high of 169,770 ETH

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