Large Ethereum Holder Initiates Massive Sell-Off
A significant Ethereum whale—controlling roughly 155,837 ETH (≈ $408 million)—has begun offloading a substantial portion to exchanges, Binance reports via Odaily data . Since June 10, around 120,918 ETH (≈ $317 million) has been deposited across three wallet addresses tied to “Arthapala,” with the remaining 34,919 ETH (~$91 million) still held .
This move coincides with rising ETH inflows to exchanges. According to Cointelegraph, a whale transferred over $237 million worth of ETH in one week, feeding bearish sentiment and placing Ether at risk of a 25 % drop toward $1,600 . Additionally, prolonged inflows into Binance over five days hint at mounting sell pressure .
📉 Impact & Watchpoints
The size and sustained nature of the sale may heavily impact liquidity and prices.
Traders should monitor exchange inflows versus outflows and key technical support
levels.$ETH