Genesis Whale's Liquidation Countdown, 8 Years of ETH Sell-off Approaching the End!
On-chain data shows that a big player who obtained 200,000 ETH from the Ethereum genesis block transferred 3,370 ETH (worth $11.37 million) to Kraken 9 hours ago. This year, he has transferred a total of 48,687 ETH, with a total value of up to $171.78 million, at an average selling price of around $3,528.
After 8 long years of liquidation, this whale's inventory is down to 7,594 ETH (approximately $25.72 million). At the current pace, just 1-2 more sales will completely empty his position.
This 'veteran player' has realized wealth over time, perhaps testing market confidence or executing a clever allocation of funds. After the liquidation is complete, will the market welcome new fluctuations? Keep an eye on on-chain dynamics, follow the hunters, and don't miss the next opportunity!
