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The ancient giant whale of ETH has once again transferred 10,000 ETH, raising expectations for a sell-off.

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PANews
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1 day ago
AI summarizes in 5 seconds.

PANews April 25 news, according to on-chain analyst AI Yi monitoring, a million-level ancient whale from the 2015 ETH ICO has transferred 10,000 ETH to the multi-signature address 0x26c…B9392 again after a week, worth about 23.21 million USD, which the market interprets as a recent selling signal.

The receiving address is a commonly used transit address for whales, which has accumulated 12,001 ETH (about 24.62 million USD) in deposits to OKX over the past two months, and historically, ETH transferred to this address almost always flows to exchanges in batches and is sold.

This whale is an ETH genesis investor, with a holding cost of only 0.31 USD per coin. Historically, large transfers have often been accompanied by sell-offs, and this operation further intensifies the market's concerns about short-term selling pressure on ETH.

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