Wallet address 0xbee…1EEEE is selling a large amount of 6,314.12 ETH worth 25.45 million USD in the past 24 hours.
MAIN CONTENT
Wallet 0xbee…1EEEE sold 6,314.12 ETH in 24 hours, worth 25.45 million USD.
The average investment price of this wallet is 4,031.67 USD for each ETH.
Since August 1, the total amount of ETH transferred to exchanges has reached 12,599.5 ETH, equivalent to 48.4 million USD.
How much ETH has wallet 0xbee…1EEEE sold in the past 24 hours?
Address 0xbee…1EEEE has sold 6,314.12 ETH in the last 24 hours, equivalent to 25.45 million USD at the current price.
The information above was monitored and released on August 9 from on-chain data sources, showing that the sudden selling activity and large amount of ETH from this wallet could affect the market. Selling ETH in such large quantities is noteworthy in the context of cryptocurrency price volatility.
What is the average purchase price of the ETH sold?
This address has an average purchase price for the ETH sold of 4,031.67 USD/ETH.
This average price reflects the initial investment cost, clarifying potential profit or loss when selling. Knowing the average purchase price helps investors and analysts evaluate the trading strategies of whales or large wallets in the cryptocurrency market.
How much total ETH has this wallet transferred to exchanges since August 1?
Since August 1, a total of 12,599.5 ETH, worth approximately 48.4 million USD, has been transferred by this address to exchanges.
This continuous and large amount of ETH transfer suggests that wallet 0xbee…1EEEE may be conducting liquidity transactions or strategic withdrawals. The continuous transfer through exchanges contributes to short-term price pressure on ETH.
Transferring and selling large amounts of ETH in a short time may signal a portfolio restructuring strategy or market improvisation, creating significant supply pressure.
Cryptocurrency market analyst, 2024.
How do ETH transfers to exchanges affect the market?
The large amount of ETH being transferred to exchanges often increases selling pressure, which can lead to price volatility.
A large amount of ETH from whale wallets often creates a sense of concern about potential price declines in the short term due to the sudden supply hitting the market. Investors need to closely monitor these signs to make informed decisions.
Frequently asked questions
Is wallet 0xbee…1EEEE an ETH whale?
With the large amount of ETH transferred and sold, this is very likely an ETH whale wallet or an organization capable of influencing the market.
What is the total value of ETH sold in the last 24 hours?
Approximately 25.45 million USD equivalent to 6,314.12 ETH.
What is the average investment price of this wallet in ETH?
4,031.67 USD for each ETH, according to published data.
What impact does transferring ETH to exchanges have on the market?
A large amount of ETH transferred to exchanges can increase selling pressure, potentially causing short-term price declines.
Where is the data on this ETH transfer activity monitored?
Data monitoring source from on-chain tools as of August 9.
Source: https://tintucbitcoin.com/ethereum-nghi-ban-6-314-eth-gia-25-trieu/
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