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COINOTAG reported on September 22 that on-chain analyst Ai Yi identified wallet 0xB04…D6ECB as having sold 3000 ETH (approximately $13.14 million) eight hours prior, at an average selling price of $4,382 per ETH.
The same on-chain data shows the address currently retains 9,804.32 ETH (near $42.57 million) and has demonstrated sustained ETH trading activity over the past two months, signaling persistent portfolio adjustments rather than isolated transfers.
Such on-chain transactions by a large wallet are relevant for Ethereum market participants because they affect short-term liquidity and price discovery; traders and analysts should continue monitoring on-chain flows and exchange inflows for corroborating signals.
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