Whale sends 130,591 ETH to exchanges, potential profit pegged at $84.31M
AI Market Summary
Onchain data indicates a whale that accumulated 130,591 ETH in 2023 has effectively exited, transferring ~128,972 ETH (~$345M at an average ~$2,680) to centralized exchanges over the past week, including ~16,919 ETH (~$45.85M) recently. With the wallet's ETH balance now depleted, the flow signals elevated near-term sell-side liquidity and can weigh on ETH sentiment and short-term positioning.
Impact level
● Medium
Affected assets
ETH/USDT+0.37%
AI Insight · ETH/USDTAI Insight
▼ Bearish
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ChainCatcher reports that on-chain analyst @ai_9684xtpa says a whale that accumulated 130,591 ETH in 2023 appears to be exiting the position. About three hours ago, the whale moved another 16,919 ETH to a centralized exchange, worth roughly $45.85 million. Over the past week, the address has transferred a total of 128,972.05 ETH to exchanges, valued at about $345 million at an average transfer price of $2,680.31. If the transferred ETH is fully sold, the whale is expected to book around $84.31 million in profit. Following the latest transfer, the entity's on-chain ETH balance has been fully drained.
