#Ethereum Whales Dump ETH#

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Overview

Recently, a whale who received 200,000 ETH from the Ethereum genesis block transferred 3,370 ETH, worth approximately $11.37 million, to Kraken exchange in the past 9 hours. This is the 48,687th ETH the whale has transferred to Kraken this year, with a total value exceeding $171.78 million, at an average transfer price of $3,528. After 8 years of gradual selling, the whale's ETH holdings are dwindling, with only 7,594 ETH remaining, worth approximately $25.72 million. It is expected that after 1-2 more sales, the whale will have emptied all of its ETH holdings.

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Analysis

Recently, a whale who received 200,000 ETH from the Ethereum genesis block in 2015 transferred 3,370 ETH to the Kraken exchange 9 hours ago, worth approximately $11.37 million. This is not the first time the whale has sold ETH. This year, he has transferred up to 48,687 ETH to Kraken, totaling approximately $171.78 million, with an average selling price of $3,528. After 8 years of gradual sales, the whale has very little ETH left, currently holding only 7,594 ETH, worth approximately $25.72 million. It is expected that after 1-2 more sales, the whale will completely clear its ETH holdings. This move has sparked market attention on the price trend of ETH. Some analysts believe that the whale's selling behavior may put some pressure on the price of ETH.

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Ethereum whales are gradually emptying their ETH holdings and have transferred a large amount of ETH to Kraken this year.

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The whale received 200,000 ETH from the Ethereum genesis block and has sold it off over 8 years, leaving only 7,594 ETH.

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The average price of the whale's ETH transfers is $3,528, and it is expected to clear all ETH in 1-2 more sales.

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The whale's clearing of ETH may be related to market sentiment or personal investment strategy.

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