Mystery Ethereum Whale Moves $408M in ETH to Exchanges, Fueling Sell-Off Fears
TL;DR
- A mystery Ethereum whale moved 167,855 ETH worth about $408 million after receiving the funds from multiple wallets.
- The address has deposited 70,739 ETH, valued near $174 million, into exchanges over two days.
- Another 97,115 ETH, worth roughly $237 million, remains in the wallet, leaving markets focused on its next moves.
A mystery Ethereum whale has moved 167,855 ETH worth about $408 million toward crypto exchanges in the past two days, raising fresh concerns about short-term selling pressure. Onchain data shows 70,739 ETH, valued near $174 million, has already reached exchanges, while a larger balance remains in the wallet.
The movement matters because exchange deposits can increase the amount of ETH immediately available for trading. Still, a transfer to an exchange does not prove that a sale has taken place, leaving room for custody changes, collateral arrangements, or over-the-counter settlement.
A mysterious Ethereum whale is selling 167,855 $ETH ($408M)!
The whale received 167,855 $ETH($408M) from multiple wallets and started depositing it into exchanges.
โฆ Continue reading the full article at the original source below.
