Key Points:
The recent activity from an ancient Ethereum whale has drawn market attention, having moved 15,000 ETH into the Kraken exchange in less than an hour for approximately $39.38 million. The transaction extends the frenzy of major sell-offs for 65,000 ETH- or about $164 million in late September 2024. This leaves the whale holding 10,000 ETH, amounting to approximately $26.21 million at its current market price, and has kept participants’ interest and concern with the continued liquidation of assets by early Ethereum investors.
These sales seem to be part of a larger trend where early whales are offloading their holdings, probably in preparation for some shifts in sentiment or strategic moves. Whether this will have much of an impact on Ethereum’s price remains a key focus for analysts, who are watching to see if such large-scale sell-offs could have wider implications on overall market stability or inspire similar moves among other long-term holders. Though some believe that it is just a routine rebalancing, others reflect on what might happen to the market., according to ai_9684xtpa.
Read more: Jito and Solana Outpace Ethereum in 24-Hour Fee Revenue
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