💎 Notable: A shark has just started “dumping” a large batch of ETH onto exchanges!
According to on-chain data, a major organization is moving ETH to a CEX at an enormous scale:
🔹 Amount transferred: 109,806 ETH
🔹 Equivalent value: $266 million
🔹 Average entry price: $2,430
🔹 Total planned sell: 167,854 ETH (about $406 million)
Deep perspective: If this whale sells all of this ETH, it would make a profit of roughly $122 million by accumulating the coins from about 2 years ago at a price of $1,700. A large volume of tokens flowing to exchanges often creates short-term sell pressure, but it also indicates that institutions are cashing out aggressively amid price volatility.
What’s worth noting is that this wallet still holds more than 58,000 ETH. Is this a sign of an upcoming correction, or is it just routine portfolio rebalancing?
👉 Where’s the alpha? Right here — Follow the Channel https://app.binance.com/uni-qr/cpro/Square-Creator-4a0f2008149d?l=en&r=BOZMO8A1
#ETH #Ethereum #CryptoNews #Onchain $ETH
#ETH.
According to on-chain data, a major organization is moving ETH to a CEX at an enormous scale:
🔹 Amount transferred: 109,806 ETH
🔹 Equivalent value: $266 million
🔹 Average entry price: $2,430
🔹 Total planned sell: 167,854 ETH (about $406 million)
Deep perspective: If this whale sells all of this ETH, it would make a profit of roughly $122 million by accumulating the coins from about 2 years ago at a price of $1,700. A large volume of tokens flowing to exchanges often creates short-term sell pressure, but it also indicates that institutions are cashing out aggressively amid price volatility.
What’s worth noting is that this wallet still holds more than 58,000 ETH. Is this a sign of an upcoming correction, or is it just routine portfolio rebalancing?
👉 Where’s the alpha? Right here — Follow the Channel https://app.binance.com/uni-qr/cpro/Square-Creator-4a0f2008149d?l=en&r=BOZMO8A1
#ETH #Ethereum #CryptoNews #Onchain $ETH
#ETH.