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

ETH

ETH/USDT

$2,113.64

-7.22%

$2,113.64

-7.22%

(24s)

24h Volume

$37,939,871,804.04

24h H/L

$2,293.99 / $2,068.20

Change: $225.79 (10.92%)

Long/Short

79.4%

Long: 79.4%Short: 20.6%

Funding Rate

+0.0040%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,087.22

▼ -2.84%

Volume (24h): -

Resistance Levels

Resistance 3$2,820.15

Resistance 2$2,294.17

Resistance 1$2,149.26

Price$2,087.22

Support 1$2,068.20

Support 2$1,940.12

Support 3$1,532.78

Pivot (PP):$2,109.73

Trend:Downtrend

RSI (14):22.5

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.