Are these holders preparing to sell, or just repositioning their funds? We'll be watching what happens next.
the monitoring feed is full of large holders making moves today, and these two caught our attention.
First, wallet 0x88239aEc29987BE70c69B5e9d8542d4353142058 sent 2,558.5 $ETH worth around $5.9M to Kraken. This wallet reportedly accumulated ETH in batches throughout 2025–2026, at an average cost of roughly $2,880. If the funds are sold at current prices, the holder could be taking a loss. The Kraken deposit alone, though, doesn't confirm a sale.
Then there's wallet 0x5a3489764431956FBb99C28E376b189577CCf9F5, which had been quiet for 11 months. Around two hours ago, it redeemed 2,511 ETH from Aave and sent the entire amount to Binance, worth approximately $5.79M.
the monitoring feed is full of large holders making moves today, and these two caught our attention.
First, wallet 0x88239aEc29987BE70c69B5e9d8542d4353142058 sent 2,558.5 $ETH worth around $5.9M to Kraken. This wallet reportedly accumulated ETH in batches throughout 2025–2026, at an average cost of roughly $2,880. If the funds are sold at current prices, the holder could be taking a loss. The Kraken deposit alone, though, doesn't confirm a sale.
Then there's wallet 0x5a3489764431956FBb99C28E376b189577CCf9F5, which had been quiet for 11 months. Around two hours ago, it redeemed 2,511 ETH from Aave and sent the entire amount to Binance, worth approximately $5.79M.
