Ethereum

<p>Recent on-chain data indicates a surge in massive sales of Ethereum by whales. This trend raises questions about their long-term perspective on the second-largest cryptocurrency by market capitalization.</p> 
<h2 id="h-are-ethereum-whales-withdrawing-a-decisive-turning-point-for-crypto">Are Ethereum Whales Withdrawing, a Decisive Turning Point for Crypto?</h2> 
<p>A notable case involves a <a href="https://www.cointribune.com/en/crypto-these-whales-take-control-by-massively-buying-altcoins/" target="_blank" rel="noreferrer noopener">whale</a> who had bought 12,906 ETH ($24.39 million) at $1,890 each last year. Recently, this investor transferred those funds from Binance to Lido, then withdrew 7,000 ETH from Lido to redeposit on Binance, thus realizing over $16 million in profits.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1"> 
 </div> 
</div>  
<div class="tradingview-widget-container tradingview--mini-chart"> 
 <div class="tradingview-widget-container__widget"></div> 
 <div class="tradingview--mini-chart--dark"> 
  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:ETHUSDT","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"dark"}</script> 
 </div> 
 <div class="tradingview--mini-chart--light"> 
  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:ETHUSDT","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"light"}</script> 
 </div> 
 <div class="tradingview-widget-copyright">
  <a href="https://fr.tradingview.com/symbols/ETHUSDT/?exchange=BINANCE" rel="noopener" target="_blank"><span class="text-primary-color">ETHUSDT chart</span></a> by TradingView
 </div> 
</div>  
<p>This type of activity falls within a more general trend of reduced volume of large transactions, which coincides with episodes of ETH price volatility. This <a href="https://x.com/lookonchain/status/1787324001653789087" target="_blank" rel="noreferrer noopener">correlation</a> suggests a possible influence of whale actions on market fluctuations. The significant decrease in the total volume of major transactions corresponds to periods of price instability.</p> 
<p>The whales taking profit could be explained by Ethereum’s relatively inferior performance compared to other major cryptos such as XRP and <a href="https://www.cointribune.com/solana-une-crypto-qui-charme-les-investisseurs-mais-pour-quelle-duree/" target="_blank" rel="noreferrer noopener">Solana</a>. Although not dramatic, Ethereum’s slowdown in an ever-evolving crypto ecosystem could push these large holders to reconsider their positions.</p> 
<div class="affiliate-button"> <span class="affiliate-button__link obfuscated-link" data-href="https://www.cointribune.com/en/newsletters-en/" data-target="_blank" data-rel="noreferrer noopener">Discover our newsletter</span> <span class="affiliate-button__disclaimer obfuscated-link" data-href="https://www.cointribune.com/en/sponsored-content/" data-target="_blank" data-rel="noreferrer noopener">This link uses an affiliate program.</span> 
</div> 
<h2 id="h-the-influence-of-whales-on-the-price-dynamics-of-ether">The Influence of Whales on the Price Dynamics of Ether</h2> 
<p>The on-chain <a href="https://u.today/ethereum-eth-whale-sales-surge-are-whales-giving-up-on-it-ethereum-eth" target="_blank" rel="noreferrer noopener">data</a> provided by IntoTheBlock reveals a strong correlation between the price of Ethereum and the number of significant transactions. This relationship highlights the influence of these substantial trading volumes on the price dynamics of ETH.</p> 
<p>The recent decrease in transaction volume, particularly in April, results in a drop in the price of Ethereum, suggesting that selling pressure exerted by whales has a tangible impact.</p> 
<p>While massive sales do not necessarily mean the end of Ethereum, they do raise questions about the sustainability of its current price movements. These large-scale transfers require careful monitoring as they can indicate a shift in investor sentiment, potentially leading to more significant market readjustments.</p> 
<p>As Ethereum whales seem to be realizing their profits and reducing their stakes, it’s critical to analyze the potential impact of these movements on the market. Although this does not necessarily predict an imminent <a href="https://www.cointribune.com/le-marche-crypto-au-bord-du-gouffre/" target="_blank" rel="noreferrer noopener">crash</a>, this trend underscores the need for investors to remain vigilant and closely follow the supply and demand dynamics.</p> 
<div class="affiliate-button"> <a class="affiliate-button__link" href="https://bitpanda.pxf.io/c/2801338/1295465/15871" target="_blank" rel="noreferrer noopener">Discover the Bitpanda platform</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noreferrer noopener">This link uses an affiliate program.</a> 
</div>

Crypto: Ethereum Whales Take Their Profits, a Worrisome Sign?

목차

Cointribune EN

2024년 5월 6일에 게재된 다른 기사

Cardano (ADA) Price Could Enter a 25% Bull Rally

Is It Too Late To Buy TRB? Tellor Price Soars 30% As This New Solana GameFi Coin Raises $770K In ...

Bitcoin (BTC) Rally: Is $65K a Realistic Target or a Potential Trap? Analyzing the Resurgence of ...

Revolutionizing Crypto Mining: BlockDAG X1 App Outperforms MATIC (Polygon) and Solana (SOL) in La...

26-Year-Old Arrested in ZKasino Scam: Dutch Authorities Seize Over €11.40 Million in Cryptocurrency

Bitcoin (BTC) Survives Market Madness: A Season 2 Review of Crypto Yellowjackets

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!