An Ethereum whale, active since the 2015 ICO, has recently offloaded 499 ETH in a significant transaction!🐋
Key Details 📊
On September 14, on-chain data from @ai_9684xtpa revealed that an ancient Ethereum whale sold 499 ETH, valued at approximately $1.2 million. This marks another major move in the whale's ongoing selling spree, which began two months ago. Since then, the whale has sold a total of 50,899 ETH, worth $159 million, with an average price of $3,137 per ETH.
Why It Matters 💡
This whale is one of the original investors from the 2015 Ethereum ICO, holding 1 million ETH. Such large transactions often have a noticeable impact on the market. While this whale still holds 12,707 ETH, continued selling could affect Ethereum’s price dynamics.
What's Next? 🚀
As the whale continues selling off its assets, traders are closely monitoring the situation for any signals of a market shift. The whale’s moves are likely influencing both short-term and long-term price actions for Ethereum, drawing the attention of analysts and investors alike.
🔥 If you enjoy reading my content, don’t hesitate to like, share, and follow, it’s free! 🔥
