Ethereum whale sell-off: On Aug 27 a combined 33,622 ETH (~$213 million) moved to Coinbase in two swift transfers, signaling a potential Ethereum whale sell-off or institutional portfolio reallocation that could increase short-term sell pressure despite a market rebound.
33,622 ETH moved to Coinbase in two transactions on Aug 27
On-chain data from Whale Alert and price data from CoinMarketCap show the transfer value at roughly $213 million.
Ethereum prices remained resilient, trading near $4,642 with a ~3% 24-hour gain after the transfers.
Ethereum whale sell-off: 33,622 ETH moved to Coinbase (~$213M) on Aug 27 — read what this means for ETH holders and market outlook.
What is the Ethereum whale sell-off observed on Aug 27?
Ethereum whale sell-off refers to the large movement of 33,622 ETH into Coinbase on Aug 27, a pattern typically associated with imminent selling by large holders. This transfer, reported by Whale Alert and valued at about $213 million using CoinMarketCap pricing, may indicate institutional redistribution or a planned sell attempt.
How did the 33,622 ETH transfer to Coinbase occur?
On Aug 27, two rapid transactions totaling 33,622 ETH were recorded by on-chain monitors (Whale Alert). The transfers reached the U.S.-based exchange Coinbase within minutes. Exchange deposits of this size often precede large sell orders, though they can also reflect portfolio rebalancing by institutions.
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Large inflows to exchanges are a commonly used on-chain indicator. Analysts track such movements to gauge potential near-term liquidity and selling pressure. CoinMarketCap price snapshots show Ethereum trading around $4,642 after the transfers, up roughly 3% over 24 hours.
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Source: https://en.coinotag.com/ethereum-whales-move-33622-eth-to-coinbase-during-brief-rebound-could-signal-sell-off-or-strategic-reallocation/