FINNENCE ▪ THE WIRE FILE
THE WIRE · № 70394
News▼ Bearish
Ethereum OG pinosaur.eth, who bought ETH at a cost as low as $50, unstaked all 9,618 $ETH ($24.58M) and deposited it into Kraken 8 hours ago. pinosaur.eth originally bought 7,459 $ETH at $50 9 years ago, spending $373K at the time, now worth $19.26M. ht
KINDNews
DIRECTION▼ Bearish
SOURCES2
ENTITIES1
STORY SIZE2 RECORDS
FIRST SEEN2026-10-08 02:44 UTC
LAST UPDATE2026-10-08 02:53 UTC
STATEactive
01 THE MACHINE READ
WHY IT MATTERS.
A long-dormant ETH holder unstaking and depositing to an exchange suggests potential sell pressure.
Long-term ETH holder may be exiting
CATALYST TO WATCH
Exchange outflows or actual sales
MAIN RISK
Deposit may not lead to selling
FULL DISPATCH
Ethereum OG pinosaur.eth, who bought ETH at a cost as low as $50, unstaked all 9,618 $ETH ($24.58M) and deposited it into #Kraken 8 hours ago. pinosaur.eth originally bought 7,459 $ETH at $50 9 years ago, spending $373K at the time, now worth $19.26M. https://t.co/XLEPosopM2 https://t.co/h8Z32FZPfe
02 THE STORY SO FAR
THE RECORD, IN ORDER.
UPDATED 2 TIMES · FIRST 2026-10-08 02:44 UTC · LAST 2026-10-08 02:53 UTC2026-10-08 02:44 UTCNewsEthereum OG pinosaur.eth, who bought ETH at a cost as low as $50, unstaked all 9,618 $ETH ($24.58M) and deposited it into Kraken 8 hours ago. pinosaur.eth originally bought 7,459 $ETH at $50 9 years ago, spending $373K at the time, now worth $19.26M. htCURRENT RECORD
2026-10-08 02:53 UTCNewsBitcoin whales dormant for years are waking up. Another Bitcoin whale, bc1q4h, transferred 4,500 $BTC ($375.72M) after more than 4 years of inactivity.
03 WHO'S INVOLVED
ENTITIES ON FILE.
SUBJECTEthereum · ETH-USD
04 RECEIPTS
THE SOURCE RECORD.
1 SOURCES CONFIRMED05 PROPAGATION
WHAT THIS TOUCHES.
→CORRELATIONshares ETH-USD
Ethereum’s Glamsterdam test runs near 200 million gas per block after upgrade2026-10-08 04:23 UTC
Ethereum’s Glamsterdam test runs near 200 million gas per block after upgrade2026-10-08 04:23 UTC
←CORRELATIONshares ETH-USD
As the market drops, Machi(@machibigbrother)'s 39,025 $ETH ($99.8M) long is close to liquidation, with a liquidation price of $2,501.38.2026-10-07 13:53 UTC
As the market drops, Machi(@machibigbrother)'s 39,025 $ETH ($99.8M) long is close to liquidation, with a liquidation price of $2,501.38.2026-10-07 13:53 UTC
←CORRELATIONshares ETH-USD
🚨 🚨 🚨 26,600 $ETH (68,434,058 USD) transferred from EtherFi to Beacon Depositor2026-10-07 20:17 UTC
🚨 🚨 🚨 26,600 $ETH (68,434,058 USD) transferred from EtherFi to Beacon Depositor2026-10-07 20:17 UTC
KEEP READING THE MACHINE
Summaries are generated and may contain errors — every claim links its sources.