Ethereum Whales Sell 4,217 ETH, Secure $18.4M Profit
On August 22, an Ethereum whale address 0xC77…CbA28 liquidated 2,417 ETH at approximately $4,257 each, netting $10.29 million and a $1.41 million profit after its July 28 purchase at $3,672. On October 6, another Ethereum OG whale sold 1,800 ETH (about $8.12 million) from a four-year-old Kraken withdrawal at $2,523 per ETH, marking targeted profit-taking by a long-term holder. These major whale transactions could add short-term selling pressure to ETH price but do not signal a broad market downturn. Crypto traders should monitor whale profit-taking and large transfers for early market signals and liquidity shifts.
Neutral
These whale sales represent targeted profit-taking by long-term holders at higher ETH price levels. Large sell-offs may exert short-term downward pressure on ETH price, but the lack of broader liquidations suggests sustained market stability. Historically, whale profit-taking often coincides with consolidation before further upward moves. Therefore, while traders should watch for short-lived dips, overall impact is neutral for ETH’s price trajectory.