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According to LookIntoChain’s on-chain monitoring, Ethereum’s recent price rebound coincided with a notable wallet move. The address 0xb927 offloaded 5,000 ETH, valued at roughly $21 million, two hours prior, signaling ongoing distribution by a sizable holder.
In the last 40 days, this address has cumulatively liquidated 15,000 ETH—about $65.5 million—with an average execution price near $4,366 per ETH, illustrating persistent activity on the supply side.
Taken together, the pattern highlights sustained distribution by a major participant and adds a meaningful dimension to the on-chain liquidity narrative surrounding Ethereum.
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