Multiple Large $ETH Holders Selling $ETH

According to LookOnChain, multiple $ETH whale addresses appear to have sold $ETH.

According to LookOnChain, a specific $ETH holder deposited $8,825 $ETH to Binance on the 27th, suffering a loss of $3.66 million for $24 million. The address purchased $8,825 $ETH from Binance for $27.96 million between July 27 and August 3.

Meanwhile, another large $ETH holding address appears to have sold $5,088 $ETH for $13.58 million on the night of the 27th, despite suffering a loss of $3.66 million. The address reportedly withdrew $5,088 for $17.24 million from Binance between March 28 and April 3.

In addition, two large $ETH holding addresses were reported to have sold $8,208 for $21.59 million on-chain and used the money to pay debts on Aave to avoid liquidation early today.

One large holder began selling $19,000 for $49.17 million today, while the address requested a withdrawal of $30,007 for $78.67 million about 4 days ago, and claimed $19,000 for $49.17 million early today. The whale deposited $19,000 for $ETH to Coinbase.

Another holder stated that he exchanged $4,591.8 $stETH for $4,589.5 $ETH directly, despite losing about $2.3 $ETH, in order to avoid the exchange's withdrawal process. The address then stated that he sold all $5,145 $ETH, worth $13.3 million, to Binance.

Currently, Ethereum is trading at $2,449.70, down about 8.80% over the last 24 hours.