Ethereum

<p>A notable Ethereum whale, identified as “0x682,” has made another substantial deposit of 15,000 ETH (valued at $38.4 million) to the Kraken exchange. This activity, which occurred eight hours ago, has caught the attention of market watchers due to the whale’s history of timing sales before significant price drops.</p><p>The whale’s previous actions have sparked speculation regarding potential price movements. On July 25, the whale sold 10,000 <a href="https://blockchainreporter.net/price-prediction/ethereum-price-prediction/" rel="noopener noreferrer nofollow">ETH</a> ($34.2 million) just before a 7.6% decline in Ethereum’s price. Similarly, on August 20, a sale of 15,000 ETH ($39.7 million) preceded a 2.5% price drop. These transactions suggest a pattern where the whale’s sell-offs are closely followed by notable downward price adjustments.</p><h2 id="header-0">Current Holdings and Profit Estimations</h2><p><a href="https://x.com/spotonchain/status/1837663788138701287" rel="noopener noreferrer nofollow">According to stats from Spot-on-chain</a>, currently, the whale holds 26,639 ETH, approximately valued at $69.7 million. With an estimated total profit of $132 million, reflecting an 86% gain, the whale’s trading strategy appears highly profitable. This data, visualized in the attached PnL overview chart, shows realized gains of $104.283 million and unrealized gains of $27.646 million.</p><p>Given the whale’s history, there is heightened speculation about how Ethereum’s price might react following this latest deposit. Market participants are closely monitoring for any signs of a significant sell-off that could once again impact prices. The question remains: will the market experience another sharp decline, or will this deposit signal a different strategic move by the whale?</p>

Whale Activity Sparks Concerns Over Ethereum Price Movements

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