Markets· ★★· bearish·

Analyst links two $18 ether wallets to ~6,000 ETH sent to exchanges

  • —Second wallet sent 3,000 ETH worth $7.23M to Kraken on Oct. 22
  • —Average deposit price across 6,000 ETH was $2,642.42, a return above 139x
  • —Combined profit is estimated at more than $15.74 million
  • —First wallet sold 3,000 ETH in batches from August to October 2025
Why it matters: Selling by early holders adds pressure on ETH, which trades near $2,400 amid persistent outflows from spot ether ETFs.
#ETH
Source: Cryptopolitan
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