Ethereum Slumps as Whale 0xB041 Sells 6,237 ETH ($23.95M) in 7 Hours
ETH/USDT
$39,049,302,904.94
$2,145.26 / $2,009.54
Change: $135.72 (6.75%)
-0.0018%
Shorts pay
COINOTAG News reports, via LookIntoChain data, that during a broader crypto market dip, a single Ethereum whale identified as address 0xB041 panic-sold 6,237 ETH, valued at about $23.95 million, over the past 7 hours with an average execution price near $3,840.
The incident highlights the role of on-chain liquidity events in shaping intraday volatility. Traders should monitor such whale activity for potential near-term price pressure, especially in a downbeat market environment.
As LookIntoChain continues to track large transfers, market participants can leverage this on-chain analytics to assess risk and liquidity dynamics. The latest data reinforces the importance of credible sources when interpreting crypto movements.