On December 2nd, on-chain data showed that an old whale finally took action. This address had been holding synthetic Ethereum (SETH) for over 100 days and recently converted it all into 10,176 ETH—worth approximately 28.69 million dollars at the current price.
What's even harsher is that this batch of coins went directly into Kraken. By checking the historical records, it can be seen that this wallet started trading five years ago, having withdrawn 21,086 ETH for 7.35 million dollars at that time. After that, it has flowed back to the exchange several times.
This operation is not small in scale. Are the old players cashing out? Or are they waiting to sell at a high point? The market may need to pay attention to short-term fluctuations.
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LayerZeroJunkie
· 7h ago
This whale has been a player for five years, suddenly smashing the exchange after holding for so long... I'm wondering if they're really going to make a move or just changing the way they play.
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CafeMinor
· 7h ago
Whale is dumping at the exchange, this rhythm feels off... hoarding for a hundred days and then in a hurry to clear?
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SchroedingersFrontrun
· 7h ago
Is it true? Did this guy really get over 20,000 ETH five years ago? Now he's closing all positions and entering the exchange... I feel like something is about to change.
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ForumMiningMaster
· 7h ago
After hoarding for a hundred days, finally taking action, $28.69 million dumped into the exchange, this guy is probably about to dump.
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AirdropHermit
· 7h ago
Damn, this Whale has been hoarding for five years, and only now is it moving? It must have sensed something.
Old Whale Makes a Move: Hoarded SETH for a hundred days to exchange for 10,000 ETH, investing 28.69 million USD into the exchange.
On December 2nd, on-chain data showed that an old whale finally took action. This address had been holding synthetic Ethereum (SETH) for over 100 days and recently converted it all into 10,176 ETH—worth approximately 28.69 million dollars at the current price.
What's even harsher is that this batch of coins went directly into Kraken. By checking the historical records, it can be seen that this wallet started trading five years ago, having withdrawn 21,086 ETH for 7.35 million dollars at that time. After that, it has flowed back to the exchange several times.
This operation is not small in scale. Are the old players cashing out? Or are they waiting to sell at a high point? The market may need to pay attention to short-term fluctuations.