Ancient Ethereum Whale Begins Selling: 10,000 ETH Transfer Sparks Market Activity

On March 26th, COINOTAG News reported a significant development in the cryptocurrency market, as the notorious “Ancient Whale” from the 2015 ICO era initiated a sell-off. This entity, known for holding over 1 million ETH, executed a transfer of 10,000 ETH to a new address on March 21, signaling a strategic movement of funds. In a recent transaction, this long-time holder divested 500 ETH at a price of $2,076, amounting to more than $1.04 million in realized gains.

This activity has garnered attention among traders and analysts alike, as the whale’s historical patterns suggest that this amount could be fully liquidated in the near term. Observers are closely monitoring the market’s reaction to this substantial sell-off, as it could impact ETH’s short-term price trajectory. As the cryptocurrency landscape evolves, such transactions serve as a vital indicator of market sentiment and trading behaviors within the space.