<ul><li>Two early Ethereum investors from the 2014–2015 ICO period offloaded a total of 684,100 ETH to centralized exchanges, causing a 3.3% drop in the ETH price.</li><li>The whales purchased ETH during the ICO period when prices were low and have now realized profits worth millions of dollars, raising concerns about the short-term outlook for ETH.</li><li>One whale held 1 million ETH and deposited 959.69 ETH to OKX, while the other held 100,000 ETH and deposited 587 ETH to Kraken, leading to combined sales of approximately $30 million.</li><li>The movement of these whales is part of a larger trend of selling by whales, with a total of 684,100 ETH being sold in the last 24 hours, potentially signaling a bearish shift with the ETH price possibly dropping to $2,300.</li></ul>

Ethereum Whale Offloads 684,100 Tokens, Signalling a Potential Bearish Shift

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