A certain ETH OG whale conducted a spot market sell-off while leveraging long, holding a total of $56.18 million in long positions.

**February 24 Update** Per on-chain analyst Ai Auntie (@ai_9684xtpa), an OG whale that accumulated ETH back in 2017 has sold spot holdings while opening leveraged long positions. In the past 10 hours, wallet address 0xead…E9D55 sold 23,924 ETH at an average price of $1,888.71, totaling $45.18 million in proceeds. Notably, after trimming its spot ETH exposure, the whale deposited 15.998 million USDC as collateral into Hyperliquid and placed limit long orders for BTC, ETH, and HYPE—aiming to open new long positions at lower price levels. Currently, the whale holds a $56.18 million position (mostly long positions) with an unrealized loss of $6.462 million. **Additional Context** - Two years ago: Received 19,000 ETH (accumulated in 2017 at an average cost as low as $357) - Two weeks ago: Received 7,038 ETH (withdrawals from exchanges at an average price of $2,709.43 between Dec 2023 and Apr 2024)