Ethereum

Major

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<ul class="wp-block-list">
 <li>The whale has sold 45,000 ETH worth $113.2 million over the past two weeks, indicating a strategic liquidation plan.&nbsp;&nbsp;</li>  
 <li>Despite recent sales, the whale still holds 94,540 ETH, valued at over $230 million, and continues to stake for rewards.&nbsp;&nbsp;</li>  
 <li>The whale's selling pattern has sparked speculation on Ethereum's future price trend, with more transactions likely soon.&nbsp;&nbsp;</li> 
</ul>  
<p>An Ethereum whale, who has been actively selling big amounts of their holdings in recent months, has completed yet another major transaction. A few hours earlier, the whale transferred over 5,000 ETH, worth around $12.22 million, to the cryptocurrency exchange Kraken.&nbsp;</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  https://twitter.com/WuBlockchain/status/1843459356882616585
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<p>This latest move is part of a series of sales that have drawn attention from the cryptocurrency sector.</p>  
<h2 class="wp-block-heading" id="h-45-000-eth-sold-in-the-past-two-weeks"><strong>45,000 ETH Sold in the Past Two Weeks</strong></h2>  
<p>Over the last two weeks, the whale has offloaded 45,000 ETH worth $113.2 million at an average price of $2,516 per coin. The transactions appear to be a calculated strategy by the whale to gradually liquidate their assets without resulting in a sharp decline in the market.&nbsp;</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  https://twitter.com/lookonchain/status/1843463993673035826
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<p>These transactions have taken place over several years, starting in July 2019 when the whale sold 5,000 ETH for $1.09 million at a rate of $218 per token.</p>  
<p>The most recent large sale took place in June 2024, when the whale sold 10,000 ETH for $35.39 million, at a price of $3,539 per coin. The selling activity surged again in September and October 2024, with 45,000 ETH sold at an average price of $2,516 per token.</p>  
<h2 class="wp-block-heading" id="h-whale-s-holdings-still-significant"><strong>Whale's Holdings Still Significant</strong></h2>  
<p>Despite recent sales, the whale still holds a large amount of Ethereum. The wallet now holds 94,540 ETH, worth approximately $230.3 million. In addition, the whale has earned an additional 4,540 ETH through staking services such as Lido and <a href="https://rocketpool.net/" target="_blank" rel="noopener noreferrer nofollow">Rocket Pool</a>. The whale received 150,000 ETH during the ICO.</p>  
<p>In related news, another Ethereum whale <a href="https://cryptonewsland.com/ethereum-whale-offloads-14m-in-eth/" target="_blank" rel="noopener noreferrer nofollow">recently sold</a> 6,000 ETH for $14 million. This comes amid a broader period of market volatility, with ETH's price falling from its <a href="https://coinmarketcap.com/currencies/ethereum/#Chart" target="_blank" rel="noopener noreferrer nofollow">recent high</a> on September 27.</p>  
<p>The continuous selling of the whale has ignited speculation on the price trend of Ethereum. The consistent selling pattern suggests a strategic approach, with additional transactions anticipated in the near future.</p> 
<p>The post <a href="https://cryptonewsland.com/ethereum-ico-whale-continues-major-eth-sales/" rel="noopener noreferrer nofollow">Ethereum ICO Whale Continues Major ETH Sales, Transfers $12.22M to Kraken</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Ethereum ICO Whale Continues Major ETH Sales, Transfers $12.22M to Kraken

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