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According to EmberCN monitoring cited by COINOTAG News on October 22, a notable ETH whale realized roughly $30.24 million after selling 24,000 ETH at an average $4,282 per ETH. Minutes later, the same entity moved 12,000 ETH back on-chain from Binance at about $3,854 per ETH, signaling active on-chain routing. Previously, the address had accumulated 86,000 ETH at an average entry around $3,023 between June and August. The sequence highlights meaningful on-chain liquidity shifts and potential implications for near-term price discovery in Ethereum. Traders should monitor subsequent wallet activity and exchange reserves for signs of distribution or accumulation, as large moves can influence market breadth and near-term volatility in the ETH market.
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