#ETHE The "giant whale" that has been lurking for a long time has finally surfaced, and the huge amount of ETH in its hands has once again caused waves in the Ethereum market. The reason why this giant whale is eye-catching is that they have been deeply involved in Ethereum's ICO period as early as the ICO period, and successfully acquired 12,566 ETH at a very low cost-only $0.30 per token.

Recently, the giant whale transferred some ETH to the Kraken exchange. Although this is only a small part of their holdings, considering that the current price of ETH has jumped to a high of more than $3,300 per coin, this move has undoubtedly brought amazing returns to early investors.

Although the selling behavior of the giant whale may bring some uneasiness to the market, the on-chain data reveals a more positive signal. According to data from IntoTheBlock, an authoritative blockchain analysis agency, a large amount of ETH flowed out from major exchanges last quarter, totaling an astonishing $4 billion. This flow of funds shows that many investors are actively hoarding ETH and may expect its price to rise further in the future.

This sign of accumulation is in stark contrast to the selling behavior of whales, further highlighting the activity and huge potential of the Ethereum market. In summary, despite the eye-catching movements of whales, the overall trend of the Ethereum market remains optimistic and investors are full of confidence. We have reason to believe that the Ethereum market will show more exciting performance in the future.

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