Ethereum Whale Sales: $89M in ETH Shifted After Price Surge

Ethereum Whales Move 33,701 ETH Amid Price Surge

Ethereum Whale– Recent price spikes in Ethereum (ETH) have sparked significant movement in long-dormant wallets, with major holders cashing out substantial amounts. In total, 33,701 ETH, valued at approximately $89.72 million, has been sold by key players, raising questions about the potential impact on the market.

Large Ethereum Holders Take Advantage of Price Surge

Spot On Chain reported that two prominent Ethereum holders recently sold a total of 33,701 ETH. This activity occurred as ETH prices surged by 13.75% in just 24 hours. One of these holders, identified by wallet ID 0xB8c, transferred 25,000 ETH (worth around $65.67 million) to the Kraken exchange at a price of nearly $2,627 per ETH. After the sale, this holder still holds 64,450 ETH, which is now worth about $181.2 million.

8.75-Year Dormant Wallet Comes Back to Life

In another major transaction, the wallet “0x0c1”, dormant for 8.75 years, sold 8,701 ETH for 24.05 million USDC (approximately $2,764 per ETH). This transaction marked a 689-fold profit, leaving the holder with 2,304 ETH, valued at around $6.48 million. The long hiatus of this wallet underlines the shift in market sentiment and the potential for increased selling pressure from long-term holders.

Whale Sells 13,400 ETH After 8 Years of Dormancy

Another whale, who had been inactive for nearly nine years, began selling after waking up with a stash of 12,001 ETH worth $34.1 million. This wallet originally acquired the ETH for just $8.58 per coin, a 330-fold increase in value. Additionally, Lookonchain reported on a whale holding a massive 398,891 ETH—worth around $1.14 billion—that began selling after over eight years of inactivity. In the past 24 hours, this whale has sold 13,400 ETH for an estimated $37.38 million, at an average price of $2,790.

These movements reflect increasing market activity from dormant ETH whales, suggesting that large holders are actively taking advantage of the current bullish trend. The long-term implications for the market remain to be seen, especially as more dormant wallets potentially awaken.