Ethereum Whale Sells 15,000 ETH Worth $39.38M on Kraken

Key Points:

• Ethereum Whale Sells 15,000 ETH, Adding to Large Sales Since September
• Historic Ethereum Whale Continues Selling; Total Reaches 65,000 ETH

An ancient Ethereum whale sold 15,000 ETH on Kraken for $39.38M, marking a continued trend of large sales since September 2024 as Ethereum Whale Sells affect the market.

Ethereum Whale Sells Large Amounts as Market Watches Closely

The recent activity from an ancient Ethereum whale has drawn market attention, having moved 15,000 ETH into the Kraken exchange in less than an hour for approximately $39.38 million. The transaction extends the frenzy of major sell-offs for 65,000 ETH- or about $164 million in late September 2024. This leaves the whale holding 10,000 ETH, amounting to approximately $26.21 million at its current market price, and has kept participants’ interest and concern with the continued liquidation of assets by early Ethereum investors.

These sales seem to be part of a larger trend where early whales are offloading their holdings, probably in preparation for some shifts in sentiment or strategic moves. Whether this will have much of an impact on Ethereum’s price remains a key focus for analysts, who are watching to see if such large-scale sell-offs could have wider implications on overall market stability or inspire similar moves among other long-term holders. Though some believe that it is just a routine rebalancing, others reflect on what might happen to the market., according to ai_9684xtpa.

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