🐋 $159 Million Worth of Ethereum on the Move — What's Going On?
On June 5th, on-chain tracking service Whale Alert spotted a massive transfer of 61,966 $ETH (worth around $159 million) — and it all happened in one single transaction.
📈 At the time, #Ethereum was trading at $2,579.08.
What’s got the crypto community buzzing? The #ETH was moved between two unknown wallets:
Sender: 0x0b26C — a wallet that's been making large transfers repeatedly over the past few days.
Receiver: 0x35365 — a previously inactive wallet that just received its first major deposit.
> 🚨 No ties to any major exchange or known entity have been found so far. The purpose of the move remains unclear.
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📉 ETH Slides as Sell-Off Fears Rise
The transfer comes amid a broader market downturn, with Ethereum losing 3.27% in the last 24 hours. ETH now trades at around $2,539 (as of press time).
Interestingly, while prices dipped, #ETH 's trading volume surged by 6.59% — often a sign of increased selling pressure.
💬 Traders on X are speculating:
Is this a whale prepping to sell off #ETH ?
Or is it internal wallet restructuring by a high-profile entity?
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🚦 Market on Edge
With mixed signals all over the place — declining price, surging volume, and massive whale movements — investors are sitting tight, waiting to see if sentiment flips or the bearish trend continues.
Stay tuned. The next few days might reveal whether this was just a routine shuffle — or the start of something bigger. 👀
