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Whale Moves 10,281 ETH to Coinbase, Likely Preparing for Major Sell-Off | Flash News Detail | Blockchain.News
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9/4/2024 12:40:21 PM

Whale Moves 10,281 ETH to Coinbase, Likely Preparing for Major Sell-Off

Whale Moves 10,281 ETH to Coinbase, Likely Preparing for Major Sell-Off

According to EmberCN, a whale or institutional address that has been inactive for 15 months moved its entire holding of 10,281 ETH, worth $24.7 million, to Coinbase 30 minutes ago, suggesting a potential sell-off. The ETH was primarily acquired at $1,504 each from exchanges like FTX US, Gemini, Coinbase, and Kraken during 2022-2023. If sold, the whale could realize a profit of $9.23 million.

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余烬

@EmberCN

Analyst about On-chain Analysis