#Whale dumps $36.47 million worth of ETH#

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Overview

Recently, three whales sold 10,895 ETH, worth $36.47 million, over the past three hours. Among them, jitrust.eth deposited 4,669 ETH to Binance, resulting in a loss of $1.6 million; address 0x0945...4Cec sold 4,216 ETH at $3,341; address 0x0121...fDb7 sold 2,010 ETH at $3,352. Notably, at the same time as the whales were dumping ETH, three other whales accumulated a total of 577,200 SOL, worth approximately $124.8 million, on the same day.

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Analysis

Recently, three whales have dumped 10,895 ETH, worth $36.47 million, in the past 3 hours. Among them, jitrust.eth deposited 4,669 ETH (worth $15.65 million) into Binance, losing $1.6 million. Address 0x0945...4Cec sold 4,216 ETH (worth $14.08 million) at a price of $3,341. Address 0x0121...fDb7 sold 2,010 ETH (worth $6.74 million) at a price of $3,352.It is worth noting that this is not an isolated case, and whales have been making large-scale transactions in other cryptocurrency markets recently. For example, three whales have accumulated a total of 577,200 SOL, worth approximately $124.8 million, today. Whale rxj4 received 245,200 SOL (worth $53 million) from multiple wallets and now holds a total of 1.54 million SOL (worth $330 million). Whale 34bh withdrew 208,000 SOL (worth $45 million) from Coinbase. Whale ffda withdrew 124,000 SOL (worth $26.8 million) from Binance.The trading behavior of these whales may have an impact on the market, and investors need to closely monitor market dynamics and invest cautiously.

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Classic Views

Whale selling ETH could be a signal of market correction, investors need to carefully observe market trends.

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Whale selling ETH may be related to recent market fluctuations, such as cryptocurrency price drops or regulatory policy changes.

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Whale selling ETH may be a cash-out behavior, they may think the price of ETH has reached its peak and needs to be cashed out.

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Whale selling ETH may also be a strategic operation, they may buy ETH at a low price and sell at a high price to make a profit.

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