A 2014 whale locked in $2.4 million in profit on Kraken 🐋
While retail investors panic, early holders are methodically taking profits. A major whale who bought 100,000 ETH at $0.31 during the 2014 ICO transferred another batch of 1,000 ETH to an exchange. That sale netted them more than 7,600x their investment.
-This isn’t panic selling: The whale has been taking profits in installments during major rallies for 10 years. They still have 11,349 ETH (~$27 million) in their balance.
-The “OG” trend: This is the second major sale by early holders in two days—yesterday, another wallet dumped 3,000 ETH.
A Price Action perspective
For traders, this is an important on-chain signal. Large players see the current range as an excellent area to sell, putting significant pressure on the price. Don’t blindly try to catch falling knives in Ethereum until strong reversal patterns form on the clean chart.
Let’s discuss in the comments:
Will sales by ancient whales push Ethereum below $2,300? Are large players moving into stablecoins ahead of the Fed meeting?
Share your thoughts below! 👇
While retail investors panic, early holders are methodically taking profits. A major whale who bought 100,000 ETH at $0.31 during the 2014 ICO transferred another batch of 1,000 ETH to an exchange. That sale netted them more than 7,600x their investment.
-This isn’t panic selling: The whale has been taking profits in installments during major rallies for 10 years. They still have 11,349 ETH (~$27 million) in their balance.
-The “OG” trend: This is the second major sale by early holders in two days—yesterday, another wallet dumped 3,000 ETH.
A Price Action perspective
For traders, this is an important on-chain signal. Large players see the current range as an excellent area to sell, putting significant pressure on the price. Don’t blindly try to catch falling knives in Ethereum until strong reversal patterns form on the clean chart.
Let’s discuss in the comments:
Will sales by ancient whales push Ethereum below $2,300? Are large players moving into stablecoins ahead of the Fed meeting?
Share your thoughts below! 👇