Not all whales are buying $ETH - some are taking profits.
On August 21, the wallet known as 7 Siblings sold 14,000 ETH worth about $32.85M at an average price of $2,346.
Around the same time, whale wallet 0xFD10 sold 11,252 stETH worth $26.5M and 1,824 ETH worth $4.26M, receiving 30.78M USDT. Combined, the two transactions moved roughly $63M worth of ETH and stETH.
These moves add fresh sell-side pressure as ETH trades around the $2,300 to $2,350 area. Large-wallet activity can shift quickly, so a few whale sales do not necessarily define Ethereum's broader trend.
What makes the data worth watching is the size of the transactions and whether more large holders begin moving ETH toward exchanges or stablecoins in the coming days.
#Ethereum #ETHBlockchain #Altcoin Season#
On August 21, the wallet known as 7 Siblings sold 14,000 ETH worth about $32.85M at an average price of $2,346.
Around the same time, whale wallet 0xFD10 sold 11,252 stETH worth $26.5M and 1,824 ETH worth $4.26M, receiving 30.78M USDT. Combined, the two transactions moved roughly $63M worth of ETH and stETH.
These moves add fresh sell-side pressure as ETH trades around the $2,300 to $2,350 area. Large-wallet activity can shift quickly, so a few whale sales do not necessarily define Ethereum's broader trend.
What makes the data worth watching is the size of the transactions and whether more large holders begin moving ETH toward exchanges or stablecoins in the coming days.
#Ethereum #ETHBlockchain #Altcoin Season#