An ancient whale with a cost basis of $0.31 is dumping ETH onto exchanges
According to on-chain monitoring, an ancient whale who participated in the 2015 ETH 1CO transferred another 3,000 ETH (about $6.94 million) to exchanges in the past 24 hours. This is part of a series of consecutive moves. The whale’s cost basis is astonishingly low at just $0.31, and they still hold about 47,000 ETH.
Meanwhile, two whales that had been dormant for three years suddenly woke up and deposited 2,571 BTC, worth over $200 million, into Coinbase Prime. Long-dormant holdings are starting to move. With liquidity already fragile, who will absorb this potential selling pressure?
Disclaimer: The above is a compilation of publicly available on-chain data and is shared for informational purposes only. It does not constitute investment advice. Crypto assets are highly volatile. Make your own decisions and assume full responsibility for any gains or losses.
#ETH🔥🔥🔥🔥🔥🔥 $ETH
According to on-chain monitoring, an ancient whale who participated in the 2015 ETH 1CO transferred another 3,000 ETH (about $6.94 million) to exchanges in the past 24 hours. This is part of a series of consecutive moves. The whale’s cost basis is astonishingly low at just $0.31, and they still hold about 47,000 ETH.
Meanwhile, two whales that had been dormant for three years suddenly woke up and deposited 2,571 BTC, worth over $200 million, into Coinbase Prime. Long-dormant holdings are starting to move. With liquidity already fragile, who will absorb this potential selling pressure?
Disclaimer: The above is a compilation of publicly available on-chain data and is shared for informational purposes only. It does not constitute investment advice. Crypto assets are highly volatile. Make your own decisions and assume full responsibility for any gains or losses.
#ETH🔥🔥🔥🔥🔥🔥 $ETH