#Ethereum Whales Dump ETH#

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Overview

Recently, a whale who received 200,000 ETH from the Ethereum genesis block has transferred 3,370 ETH, worth approximately $11.37 million, to Kraken exchange in the past 9 hours. This is the 48,687th ETH the whale has transferred to Kraken this year, with a total value exceeding $171.78 million, at an average transfer price of $3,528. The whale has been gradually selling its ETH holdings over the past 8 years, and now only has 7,594 ETH remaining, worth approximately $25.72 million. It is expected that the whale will clear its remaining ETH in the next 1-2 sales.

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Analysis

Recently, a whale that received 200,000 ETH from the Ethereum genesis block in 2015 is gradually emptying its ETH holdings. According to on-chain analysts, the whale transferred 3,370 ETH to Kraken 9 hours ago, worth approximately $11.37 million. This year, the whale has transferred 48,687 ETH to Kraken, with a total value of approximately $171.78 million, at an average price of $3,528. After 8 years of gradual selling, the whale has sold most of its ETH, with only 7,594 ETH remaining, worth approximately $25.72 million. It is expected that after 1-2 more sales, the whale will have emptied all of its ETH. This move has sparked market attention on the price trend of ETH, with some analysts believing that the whale's selling behavior could have a negative impact on the price of ETH.

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Ethereum whales are gradually emptying their ETH holdings and may completely empty them after 1-2 more sales.

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Whales have transferred a large amount of ETH to Kraken this year, totaling over 48,687 ETH, with an average transfer price of $3,528.

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Whales received 200,000 ETH from the Ethereum genesis block in 2015 and have sold them gradually over 8 years, leaving only 7,594 ETH.

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Whales' emptying of ETH may have some impact on the Ethereum market, but the specific impact is unclear.

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