News

Ethereum Whale Sells 15,000 ETH Worth $39.38M on Kraken

Key Points:

  • Ethereum Whale Sells 15,000 ETH, Adding to Large Sales Since September
  • Historic Ethereum Whale Continues Selling; Total Reaches 65,000 ETH
An ancient Ethereum whale sold 15,000 ETH on Kraken for $39.38M, marking a continued trend of large sales since September 2024 as Ethereum Whale Sells affect the market.
Ethereum Whale Sells 15,000 ETH Worth $39.38M on Kraken 2

Ethereum Whale Sells Large Amounts as Market Watches Closely

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

William

In the fast-paced world of day trading, I've honed my skills for over six years using technical analysis tools and crafting short-term strategies. My expertise isn't from textbooks but from the trenches of online trading communities. I excel at reading chart patterns, applying technical analysis, and mastering risk management. "The market is about probabilities," I declare. As Editor at Coincu, I empower readers with the insights and strategies to conquer the dynamic world of day trading.

Recent Posts

Best Altcoins to Buy Today: Qubetics Rides 1000x Potential to Hit $2.6M, Ethereum Stays Rangebound, Tron USDT Transactions Hit $52B

Discover the best cryptos to buy and hold today: Qubetics leads with 1000x potential, Ethereum…

8 minutes ago

Trump Media Company Is Pushing New Venture For Crypto Service

With the platform facing a cracked whip, Trump Media company is expanding into new business…

58 minutes ago

Crypto Advisory Council Now A White House Position Attracting Leaders

Major crypto firms, including Ripple, Kraken, and Circle, are competing for spots on President-elect Donald…

1 hour ago

Analyst Sounds Major Breakout Alert Amid Shiba Inu, WallitIQ, And Dogecoin Price Recoveries

Analysts highlight a breakout alert as Shiba Inu (SHIB), and Dogecoin show signs of recovery…

2 hours ago

SEC Chair Gary Gensler Will Lose Power From January 20

SEC Chair Gary Gensler will step down on January 20, 2025, coinciding with President-elect Donald…

2 hours ago

MicroStrategy Convertible Notes Now Out of Stock With $3B Raised

The MicroStrategy convertible notes offering, initially set at $1.75 billion, was increased to $2.6 billion…

2 hours ago

This website uses cookies.