A major Ethereum whale recently moved 14,000 ETH (worth $31.92 million) through Wintermute OTC, potentially indicating a sale and a profit of $29.07 million. The wallet address connected to the whale has a history of withdrawing funds between 2016 and 2018. This transaction has drawn attention and prompted speculation about the whale's strategy and its impact on Ethereum liquidity and price stability. Additionally, other whales have been observed accumulating Ethereum, with 110,000 ETH acquired in the past 72 hours. These large-scale transactions by institutional players and high-net-worth individuals suggest significant market activity. Ethereum's price has experienced fluctuation, with notable increases and sharp declines. Overall, significant Ethereum transactions and whale activities can influence market sentiment and supply distribution.
Content Editor ( cryptonewsland.com )
- 2025-02-28
Ethereum Whale Moves 14,000 ETH in Major OTC Transfer Worth $31.92M
