## Ethereum Whale Offloads $138 Million in ETH An anonymous "smart money" address is estimated to have sold a significant portion of its Ethereum (ETH) holdings last week, according to on-chain analyst ai_9684xtpa. The address reportedly dumped 38,582 ETH, valued at approximately $138 million, onto the market. This address had previously withdrawn a total of 77,700 ETH from Kraken since the start of the year, at an average purchase price of $2600. The analyst speculates that if the entire withdrawn amount was sold at current prices, the whale could realize a profit of around $36.57 million. Currently, the address still holds 25,054 ETH. A substantial portion of these remaining holdings are deployed on the Aave cryptocurrency lending protocol, potentially earning yield. The market is watching to see if this whale will continue to liquidate their ETH holdings, and what impact it will have on Ethereum's price. ```

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