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Sleeping Ethereum Whale Awakens and Moves Millions: Is It End of ETH Price Rally?

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Ethereum mega whale awakens and shuffles thousands of ETH tokens ethereum eth ether ethusdt whalealert $eth

has shown signs of activity. In March 2017, it received 50,000 ETH, followed by a subsequent transfer of 36,000 tokens to the Kraken exchange, potentially selling them at an average price of $255. These movements indicate a history of strategic selling by the address holder.ETH

during an ICO in July 2015. The tokens were obtained at a price of $0.311 per unit. Over the course of the next two years, a significant portion of the acquired tokens, precisely 177,403 ETH, made their way to centralized exchanges, potentially selling at an average price of $70.The awakening of this major player in the crypto market led to questions about its potential impact on the

rally. The market has witnessed similar instances in the past, where large holders of cryptocurrencies have moved substantial volumes, often triggering market volatility.

 

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