Large Cryptocurrency Holder Executes Strategic ETH Transfer Worth Up to 1.08 Billion USD

2026-01-12 14:50:00

PANews December 17, according to real-time analysis by the Lookonchain platform, a well-known on-chain whale known as “BitcoinOG(1011short)” has conducted a major transfer operation. This whale transferred 368,106 ETH—an amount equivalent to approximately 1.08 billion USD—to five different new wallet addresses.

This strategic movement indicates a deliberate portfolio reallocation by an established player in the crypto market. This particular move has sparked interest among market analysts to speculate about the possible reasons behind the redistribution.

Current Position of the BitcoinOG Whale

Currently, the Bitcoin OG address still controls significant digital assets. Its portfolio includes holdings of Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), with a combined valuation exceeding 680 million USD. These diversified holdings demonstrate the whale’s long-term bullish outlook across multiple blockchain ecosystems.

Transferring 368,106 ETH to separate addresses may suggest a position management strategy—possibly for risk distribution, delegation to various investment vehicles, or preparation for future trading activities.

This movement is continuously monitored by the community because the actions of large whales often have significant implications for market dynamics and price movements in the crypto space.

ETH6,32%

BTC3,34%

SOL2,42%

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