ETH Whale Dormant for 4 Years Sends 1,250 ETH to Exchange at Over 20% Loss
- —The whale received 1,500 ETH in September 2021 at $3,159 per coin
- —The address made no transfers or sales for 4 years
- —1,250 ETH worth $3.14 million was sent to MAX Exchange
- —A sale would mean a loss of more than 20% from the entry price
Why it matters: A large loss-making transfer to an exchange could signal capitulation by a long-term holder and pressure on the ETH price.
Source: PANews