Ethereum Whales Sell 4,217 ETH, Make $18.4M Profit
For August 22, one Ethereum whale address 0xC77…CbA28 liquidate 2,417 ETH for about $4,257 each, make $10.29 million and $1.41 million profit after e buy am on July 28 at $3,672. For October 6, another Ethereum OG whale sell 1,800 ETH (around $8.12 million) from four-year-old Kraken withdrawal at $2,523 per ETH, show say long-term holder dey take profit. These big whale transactions fit add short-term sell pressure to ETH price but no mean say market go crash. Crypto traders make dem dey watch whale profit-taking and big transfers for early market signals and liquidity change.
Neutral
Dis whale sales dem show say long-term holders dey collect profit for higher ETH price levels. Big sell-offs fit make ETH price go down small small for short term, but because no widespread liquidation dey, market still steady. Normally, when whales dey take profit, e dey follow consolidation before price go up again. So traders suppose dey watch short short dips, but overall, e no go affect ETH price path.