🦕 ETHEREUM'S OLDEST WALLETS ARE WAKING UP
Three moves in a few hours, flagged by Lookonchain and EmberCN:
→ An ICO wallet dormant for 10+ years moved all 2,155 $ETH (~$4.59M). It bought 1,400 ETH at $0.31
→ A 2015 whale that started at $1.50 likely sold 7,507 ETH, roughly $15.9M in profit
→ An Ethereum Foundation-linked wallet sold 1,000 ETH ($2.13M) after a two-week pause
ETH is down 7.7% since that wallet's previous sale.
My view: coins bought at $0.31 will be sold at almost any price, so this isn't a top or bottom signal by itself. What I watch is who absorbs the supply.
Would you buy what the OGs are selling at $2,100? Yes or no.
#Ethereum #ETH #WhaleAlert #OnChain
Three moves in a few hours, flagged by Lookonchain and EmberCN:
→ An ICO wallet dormant for 10+ years moved all 2,155 $ETH (~$4.59M). It bought 1,400 ETH at $0.31
→ A 2015 whale that started at $1.50 likely sold 7,507 ETH, roughly $15.9M in profit
→ An Ethereum Foundation-linked wallet sold 1,000 ETH ($2.13M) after a two-week pause
ETH is down 7.7% since that wallet's previous sale.
My view: coins bought at $0.31 will be sold at almost any price, so this isn't a top or bottom signal by itself. What I watch is who absorbs the supply.
Would you buy what the OGs are selling at $2,100? Yes or no.
#Ethereum #ETH #WhaleAlert #OnChain
