Overview

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This whale transferred a staggering 7,000 ETH, worth approximately $13.8 million, to Kraken as Ethereum’s price plunged to $1,760. Ethereum’s recent drop has erased Hace 6 horas Parallel to this, Bitcoin’s Net Unrealized Profit/Loss (NUPL) metric has reached a key level historically associated with market cooling phases, hinting that broader sentiment Should this whale decide to liquidate a significant portion of their holdings, it could introduce a substantial amount of Ethereum into the market, potentially putting According to data from Spot on Chain, the whale had been dormant for three years until the recent surge in Ethereum’s price. The whale’s awakening coincided with According to Lookonchain, a giant whale woke up after three years of dormancy when the price of ETH recovered above its pre-dump level and deposited 10,000 After lying dormant for a while, a big Ethereum (ETH) whale has abruptly sprung to life and transferred 10,000 ETH in one transaction. Lookonchain claims that when Ethereum’s price has fallen below $3,216, with selling pressure from whales and long-term holders intensifying. Larger holders (10K–100K ETH) sold 190K ETH in 24

Ethereum Whale Awakens: Dormant Account Moves 10,000 ETH as Price Surges Past $3800

A significant event has shaken the Ethereum (ETH) market as a dormant whale account suddenly became active, transferring a substantial amount of ETH. This awakening coincides with Ethereum's price crossing the $3800 mark, raising questions about the whale's intentions and potential impact on the market.

Dormant for Three Years: Whale Transfers 10,000 ETH

According to Lookonchain, a giant whale woke up after three years of dormancy when the price of ETH recovered above its pre-dump level and deposited 10,000 ETH. This substantial transfer has caught the attention of traders and analysts alike. Spot on Chain data confirms that the whale had been inactive for three years until the recent surge in Ethereum’s price. After lying dormant for a while, a big Ethereum (ETH) whale has abruptly sprung to life and transferred 10,000 ETH in one transaction.

Potential Market Impact: Will the Whale Sell?

Should this whale decide to liquidate a significant portion of their holdings, it could introduce a substantial amount of Ethereum into the market, potentially putting selling pressure on the price. When Ethereum’s price has fallen below $3,216, with selling pressure from whales and long-term holders intensifying. Larger holders (10K–100K ETH) sold 190K ETH in 24 hours, indicating a potential trend of profit-taking among large Ethereum holders.

A Historical Context: Whale Activity and Market Corrections

This isn't the first time whale activity has influenced the Ethereum market. Previously, This whale transferred a staggering 7,000 ETH, worth approximately $13.8 million, to Kraken as Ethereum’s price plunged to $1,760. Ethereum’s recent drop has erased gains. Parallel to this, Bitcoin’s Net Unrealized Profit/Loss (NUPL) metric has reached a key level historically associated with market cooling phases, hinting that broader sentiment might be shifting across the cryptocurrency market.

Stay Updated on Ethereum Market Developments

Keep an eye on market movements and whale activity to navigate the dynamic Ethereum landscape. We will continue to provide updates as this story develops.

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