ETH Whale Reactivates After 8 Years, Sells Over $2.24 Billion While Retaining 325,533 ETH

ETH

ETH/USDT

$2,127.12

+4.51%

$2,127.12

+4.51%

(24s)

24h Volume

$39,049,302,904.94

24h H/L

$2,145.26 / $2,009.54

Change: $135.72 (6.75%)

Long/Short

69.8%

Long: 69.8%Short: 30.2%

Funding Rate

-0.0018%

Shorts pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,121.96

▲ 1.67%

Volume (24h): -

Resistance Levels

Resistance 3$2,577.98

Resistance 2$2,403.28

Resistance 1$2,234.29

Price$2,121.96

Support 1$1,994.75

Support 2$1,826.83

Support 3$1,157.44

Pivot (PP):$2,110.44

Trend:Downtrend

RSI (14):32.9

According to a recent report by COINOTAG News, an analysis by LookIntoChain revealed that a significant whale wallet acquired a total of 398,889 ETH between January 18 and March 10, 2016, representing an investment of approximately $2.4 million at an average purchase price of just $6 per token. After lying dormant for over eight years, this wallet became active once again on November 7, initiating a substantial sell-off. Up to this point, the address has liquidated around 73,356 ETH, equating to roughly $2.24 billion, leaving behind a staggering 325,533 ETH valued at about $11 billion. This resurgence of activity raises questions about market impact and investor sentiment as the crypto landscape evolves.