On-chain data shows that a whale/institutional address labeled 0x2Ea2 is selling 51,387 $ETH , worth approximately $125.9 million.
Over the past two days, the address has deposited 40,881 ETH into exchanges, valued at roughly $100.7 million. It currently still holds 10,506 ETH, with the remaining position worth about $25.52 million.
Large addresses continuously transferring funds to exchanges often come with expectations of selling. Whether this nearly $130 million ETH transfer will put pressure on short-term prices is something the market will be watching.
#ETH
Over the past two days, the address has deposited 40,881 ETH into exchanges, valued at roughly $100.7 million. It currently still holds 10,506 ETH, with the remaining position worth about $25.52 million.
Large addresses continuously transferring funds to exchanges often come with expectations of selling. Whether this nearly $130 million ETH transfer will put pressure on short-term prices is something the market will be watching.
#ETH