Ethereum Whale Sells 9,514 ETH for $14.04 Million, Still Holds 29,066 ETH

In a significant market move, an Ethereum whale has executed its first sale in a decade, liquidating 9,514 ETH for approximately $14.04 million USDC. According to analyses from OnchainLens, this transaction occurred at an average price of $1,475 per ETH. Despite this substantial sell-off, the whale still retains a notable holding of 29,066 ETH, currently valued at roughly $44.33 million. This event marks a rare instance of activity from a wallet that has remained dormant for such an extended period. The whale’s address, 0x3530210047414414622f66d8e76dc65efa4714c9, continues to be a focus for market analysts, as such large-scale transactions can impact market sentiment and price trends within the cryptocurrency landscape.