Key Points:
- On-chain analyst @ai_9684xtpa detected Ethereum whales possibly selling $21.18M worth of ETH, sparking market concerns.
- The whale accumulated 13,459 ETH from Binance & FTX (2021-2022) at $1,358/ETH. If sold, they secure a $10.125M profit!
- Large whale sell-offs may impact ETH prices, with analysts closely watching further ETH whales’ transactions.
On-chain analyst @ai_9684xtpa has detected that Ethereum whales may be selling 8,139 ETH—valued at approximately $21.18 million—potentially securing a $10.125 million profit.
Ethereum Whales Suspected of Selling 8,139 ETH
The monitored whale address had previously accumulated 13,459 ETH from Binance and FTX between August 2021 and December 2022, with an average purchase price of $1,358 per ETH. If the suspected ETH whales complete the sale, they will capitalize on the recent price surge.
This movement has sparked concerns within the crypto community, as large Ethereum whales selling off assets can significantly impact market sentiment and price action. Historically, whale sell-offs have triggered short-term volatility, leading to fluctuations in Ethereum’s value.
Read more: Ethereum ETF Options Continue to Wait for SEC Approval
Ethereum Market Faces Whale-Induced Volatility
Analysts are closely watching further on-chain transactions to determine whether Ethereum whales are offloading more holdings or planning to hold onto their remaining assets. Given the current market conditions, any large liquidation by Ethereum whales could add pressure to Ethereum’s price.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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