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Ethereum Whale Sells $18M in ETH After Seven-Month Hold

Coin WorldFriday, Feb 14, 2025 8:53 am ET

1min read

On February 14, a significant transaction occurred in the Ethereum market, with a prominent whale, known as the "Ethereum ICO 100,000 ETH Ancient Whale," selling 6,672 ETH for approximately $18.08 million. This sale followed a seven-month holding period during which the whale transferred a total of 11,672 ETH to a newly established wallet address, 0xe92...f1c0e, just four hours prior to the sale.

The whale's cost basis for the Ethereum sold was remarkably low at $0.31, demonstrating the strategic acumen involved in long-term cryptocurrency investments. Despite the sale, the wallet of this prominent entity still retains a robust balance of 5,000 ETH, indicating ongoing confidence in the asset's future performance and potential market shifts.

Such movements by large holders continue to be closely monitored for their implications on the overall Ethereum market dynamics. As the cryptocurrency market evolves, the actions of whales can significantly impact the market's trajectory, influencing both short-term price fluctuations and long-term trends.

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