ETH whales that have been dormant for 8 years suddenly wake up! What secrets are hidden behind the sell-off?
According to on-chain data monitoring, a certain whale address suddenly began selling ETH 6 hours ago after being dormant for 8 years. Eight years ago, this address acquired 12,229 ETH from @ShapeShift, at that time worth only $149,000, with an average price of $12.22. Today, this batch of ETH has dramatically increased in value, with the whale selling 3,367.5 ETH in the last 6 hours, totaling $101.6 million, with an average price as high as $3,018!
As of now, this address still holds 8,862 ETH, with a market value of $270 million. What does this mean? Is it profit realization or more positioning? It is worth noting whether the whale's movements indicate a change in market direction. Can we glimpse future trends from this wave of sell-off?
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