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Ethereum Whale Sells 501 ETH After 2 Years Holding 8052 ETH Worth 20.43M
- An Ethereum whale recently sold 501 ETH worth $1.29 million after being inactive for 2 years and still holds 8,052 ETH worth $20.43 million.
- Another ICO-era whale moved 2,000 ETH worth $5.13 million to Binance after 10 years of dormancy.
- Ethereum price surged by 6.65% to $2,680 before dropping 5% to $2,580.
- Long-dormant Ethereum whales are becoming active, selling significant amounts of ETH and adding selling pressure to the market.
- An Ethereum 'OG' sold 501 ETH and still holds 8,052 ETH, indicating potential profit-taking as ETH trades at elevated levels.
- Another investor from Ethereum's ICO era moved 2,000 ETH to Binance for sale after being inactive for almost a decade.
- The activity of such early investors catches attention in the crypto community and may reflect market sentiment or personal goals.
- Ethereum experienced price volatility with a 6.65% rally to $2,680 followed by a 5% drop to $2,580.
- Outflows from new Ethereum ETFs coincided with the price dip, with Fidelity ETH Fund ETF witnessing significant outflows.
- Despite some outflows, weekly ETF netflows for Ethereum remained positive, indicating ongoing institutional interest.
- The Ethereum market is influenced by whale selling, ETF flows, and broader market sentiment, shaping its current landscape.
- Institutional investors are cautiously optimistic about Ethereum as indicated by positive weekly ETF inflows amidst market fluctuations.
- Traders and investors are monitoring whale activities, regulations, and market sentiment for insights into Ethereum's future moves.
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