The ETH whale suddenly experienced large-scale fund movements.
On September 1st, on chain monitoring showed that a mysterious whale recently received a total of 167855 ETH worth approximately $408 million from multiple wallets, and then began continuously transferring chips to the trading platform.
In the past two days, the whale has deposited 70739 ETH worth approximately $174 million to multiple trading platforms, which is equivalent to about 42% of its batch of ETH.
At present, the address still holds 97115 ETH worth approximately $237 million, and the subsequent fund movements have become the focus of market attention.
The influx of large amounts of ETH into trading platforms usually indicates a significant increase in chip liquidity, which may bring potential selling pressure. However, transferring to the exchange does not necessarily mean that everything has been sold, and may also involve asset allocation, OTC trading, and other operations.
Therefore, what is truly alarming is not the 70700 ETH that has already been transferred, but the nearly 100000 ETH that has not yet been moved in the hands of the giant whale.
Based on the current ETH price around $2470, if the remaining chips continue to flow massively to the trading platform, the potential capital size will still exceed $200 million.
On the contrary, if the subsequent transfer is stopped, the actual impact of this anomaly on the spot market may be lower than market expectations.
The $408 million chips have started to move, $174 million has entered the trading platform, and $237 million is still in hand.
Whether this mysterious whale will continue to reduce its holdings or stop converting may become a signal for ETH short-term funds to closely monitor their face value.
If you want to track the real-time flow of funds, changes in market positions, and market hotspots on the chain, you can register OKX through the AiCoin cooperation portal:
👉 https://jump.do/zh-Hans/xlink?checkProxy=true&proxyId=2
Risk Warning: The views, conclusions, and recommendations presented in this article are for reference only and do not constitute investment advice. The market is risky, and investment needs to be cautious.