#Ethereum Whales Dump ETH#

Recently, a whale who received 200,000 ETH from the Ethereum genesis block transferred 3,370 ETH to Kraken 9 hours ago, worth approximately $11.37 million. This is not an isolated incident, as the whale has transferred a total of 48,687 ETH to Kraken this year, worth $171.78 million, with an average transfer price of $3,528. According to analysis, the whale has been gradually selling its ETH over the past 8 years, and currently only has 7,594 ETH remaining, worth $25.72 million. It is expected that after 1-2 more sales, the whale will have emptied its entire ETH holdings. This behavior has sparked speculation in the market about the price trend of ETH. Some analysts believe that the whale's selling behavior could have a negative impact on the price of ETH to some extent. However, other analysts believe that the whale's selling behavior is simply its personal investment strategy and will not have a significant impact on the overall market.