Second Senior Brother Huihun Station has $2,800! In the early days, the whale sold off ruthlessly and cleared their positions.
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Although Ethereum has shown signs of a comeback in the past two days, with a rise of over 18% and breaking through $2,800, the exchange rate has also rebounded by about 10% from the bottom. However, some on-chain whales have taken the opportunity to sell ETH that they have held for a long time by transferring it to exchanges.
According to data monitored by Lookonchain, an early whale who spent $46,000 to buy 150,000 ETH during the Ethereum ICO has been selling ETH since June 15. After the election results were confirmed last night, this address transferred 25,000 ETH to the Kraken exchange to sell.
On the other hand, an address that had accumulated 11,004.9 ETH at a price of $3.45 over 8 years ago also showed activity yesterday and this morning, starting to sell these ETH on-chain through Cowswap. 40 minutes ago, he had sold all the ETH, exchanging them for 30.54 million USDC, with an average selling price of around $2,775.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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