Golden Finance News: The blockchain monitoring platform Lookonchain has discovered a notable transaction dynamic. An early participant in Ethereum, after a two-year hiatus, made a move an hour ago, selling 501 ETH. Based on the current price, the amount cashed out was approximately 1.29 million US dollars.
Despite the selling operation this time, the participant still held 8,052 ETH, worth approximately 20.43 million US dollars. In the current volatile cryptocurrency market, the sudden move of this early participant has sparked much speculation. After lying low for two years, it chose to sell off some of its holdings. Whether this was due to the need for capital allocation, a judgment on the future trend of Ethereum, or simply an adjustment in its investment strategy remains unknown.
This transaction also conveys a subtle signal to the market. The subsequent changes in the participant’s position and the reaction of the Ethereum market deserve close attention from investors.
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- A new wallet withdrew 3,906.63 ETH from Binance over the past two days, worth approximately 9.88 million US dollars
