BlackRock Dumped $135M in Ethereum While Everyone Was Cheering 📉💸

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Ah, BlackRock. The corporate equivalent of that one friend who leaves a party right when things get fun. Despite Ethereum doing its best “look at me, I’m rising again” dance, they’ve decided to sell. Because why not? 🤷‍♀️

On-chain nerds at Lookonchain spotted another massive Ethereum deposit from the firm-basically BlackRock shouting “I’m still in charge” in blockchain code.

On Wednesday, December 3, they moved 44,140 ETH-roughly $135.36 million-to Coinbase Prime. That’s right, in FOUR rounds of 10,000 ETH and one awkwardly specific 4,140 ETH. Somebody clearly likes round numbers… mostly. 😬

The crypto Twitterati are buzzing, and yes, it’s basically the same story we’ve been watching for a month: BlackRock’s Ethereum ETF wallet is like that relentless ex who just can’t let go. 💔

BlackRock keeps the party favors coming

Remember how everyone assumed BlackRock’s selling spree was because November was a crypto dumpster fire? Surprise! They’re still at it, even with Ethereum climbing back to $3,100 like a phoenix with a caffeine addiction. ☕🔥

This continued spree totally demolishes the idea that they were just hedging against a market rally. Nope. They’re depositing and selling faster than you can say “ETF rebalancing.”

So, is it strategic genius, profit-taking, or just “we like chaos” vibes? Nobody knows, and that’s the fun part. The speculation soup just keeps simmering. 🍲😏

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2025-12-03 22:23