coin-img-ETHETH+0.27%coin-img-SOLSOL+1.14%coin-img-BTCBTC+0.66%coin-img-XRPXRP-0.33%coin-img-ONDOONDO+3.38%coin-img-ZECZEC+1.68%coin-img-SUISUI+8.16%coin-img-NEARNEAR+9.09%coin-img-ETHETH+0.27%coin-img-SOLSOL+1.14%coin-img-BTCBTC+0.66%coin-img-XRPXRP-0.33%coin-img-ONDOONDO+3.38%coin-img-ZECZEC+1.68%coin-img-SUISUI+8.16%coin-img-NEARNEAR+9.09%coin-img-ETHETH+0.27%coin-img-SOLSOL+1.14%coin-img-BTCBTC+0.66%coin-img-XRPXRP-0.33%coin-img-ONDOONDO+3.38%coin-img-ZECZEC+1.68%coin-img-SUISUI+8.16%coin-img-NEARNEAR+9.09%coin-img-ETHETH+0.27%coin-img-SOLSOL+1.14%coin-img-BTCBTC+0.66%coin-img-XRPXRP-0.33%coin-img-ONDOONDO+3.38%coin-img-ZECZEC+1.68%coin-img-SUISUI+8.16%coin-img-NEARNEAR+9.09%

2023 Ethereum whale moves 128,972 ETH (US$345m) to exchanges, wallet balance emptied

AI Market Summary
A long-term ETH accumulator has transferred ~128,972 ETH (~$345m) to exchanges over the past week and has now fully depleted its onchain balance. Such concentrated exchange inflows typically signal potential distribution and raise near-term sell-side liquidity expectations. The implied profit (~$84m) may reinforce overhang risk, increasing sensitivity to order-book depth and broader risk sentiment in ETH-linked markets.
Impact level
● Medium
Affected assets
ETH/USDT+0.29%
AI Insight · ETH/USDTAI Insight
▼ Bearish
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Odaily Planet Daily, citing AI Aunt monitoring, reported that a wallet that accumulated 130,591 ETH in 2023 transferred an additional 16,919 ETH to an exchange about three hours ago, valued at roughly US$45.85 million. Over the past week, the address has sent a total of 128,972.05 ETH to exchanges, worth about US$345 million. The position's average entry price was US$2,680.31; if sold, estimated profit would be around US$84.31 million. Following the latest transfer, the wallet's on-chain ETH balance has been полностью depleted.
Selected
ETH
ETH+0.26%
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.

Risk Warning

Cryptocurrencies and their derivatives are innovative financial products with great volatility and high investment risks.

Although BingX is committed to providing users with easy-to-use trading tools, trading itself is still a highly sophisticated field. Trading digital assets and their derivatives are subject to high market risk and price volatility and may result in partial or total loss of account funds. You must carefully consider and exercise clear judgment to evaluate your financial situation and the aforementioned risks before using BingX Services. You shall be responsible for all losses arising therefrom. If necessary, please consult relevant professionals to make informed decisions before investing. By accessing, downloading, using or clicking on "I agree" to accept any BingX Services provided by BingX, you agree that you have read, understood and accepted all of the terms and conditions stipulated in BingX Terms of Use as well as our Privacy Policy.


Trading by copying or replicating the trades of other traders involves a high level of risks, even when copying or replicating the top-performing traders. Past performance of a BingX community member is not a reliable indicator of his future performance. Content on BingX's trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of BingX.