Golden Finance reports that according to data from the on-chain monitoring platform Onchain Lens, a mysterious whale, after lying low for 1.7 years, recently sold 1,500 ETH at a unit price of $2,577 and exchanged for 3.86 million USDT. This transaction made a net profit of $612,000.
Blockchain data shows that this whale address has not conducted any ETH-related transactions since January 2023. This sudden sell-off has drawn market attention. Based on the current price, 1,500 ETH is approximately 3.86 million US dollars. According to the holding time line, this whale might have established a position at an average price of around 2,370 US dollars in early 2023. During the holding period, it experienced multiple rounds of fluctuations in the ETH price. Eventually, after lying low for one and a half years, it chose to take profits.
It is worth noting that the whale still holds approximately 8,200 ETH (about 21.1 million US dollars) at present, and this sell-off may be a partial position adjustment. In the cryptocurrency market, the sudden movement of large token holding addresses is often regarded as one of the market signals. Recently, the price of ETH has been fluctuating within the range of $2,500. Such large transactions may have an impact on short-term market sentiment, and the subsequent position changes of whales still need to be continuously monitored.
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