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Crypto board
21 Mar 2023
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⚡ TODAY: Dormant Ethereum Whale Awakens! An original Ethereum ICO participant has just moved 1,700 $ETH (worth $3.18 million) to Binance — after 7 years of complete dormancy! 🔶 What’s Happening? ♦️ These ETH were likely bought at $0.30 during the ICO in 2015 ♦️ That’s a 5,000x+ return if sold at current prices ♦️ First movement in 7 years = whale might be preparing to sell 🔶 Why It Matters: ♦️ Long-term holders moving funds to exchanges often signal potential selling pressure ♦️ Big moves like this can impact short-term sentiment ♦️ It’s also a reminder: OGs are starting to wake up 🔶 Possible Scenarios: ♦️ The ETH may be sold gradually to avoid market impact ♦️ It could be moved for other purposes (swapping, staking, rebalancing) ♦️ Or it might just be a coincidence with no intent to sell immediately 🔶 What Traders Should Watch: ♦️ Binance inflow data ♦️ Whale wallet activity ♦️ Any unusual $ETH price movement or volume spikes #Ethereum
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