LookIntoChain: Sentiment-Driven Whale Panic-Sells 7,800 ETH (~$34M) at $4,363 Avg Amid Market Drop
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COINOTAG News on August 30 cited on-chain monitoring from LookIntoChain, reporting that amid a market decline a whale address panic-sold 7,800 ETH, executing trades at an average price of $4,363 — a disposition equivalent to roughly $34 million in notional value.
The wallet in question has been characterized by behavior that mirrors market sentiment, with a documented pattern of buying at elevated levels and selling during downturns; the latest activity recorded by LookIntoChain is consistent with this historical trading profile.
This concentrated sell-off, totaling 7,800 ETH, represents a material influx of liquidity at the observed execution price; market participants and risk managers should consider the realized volume and average execution price when evaluating near-term liquidity and order-book depth.