From Investing.com: 2024-05-13 09:30:18

An ancient whale transferred millions in ETH to Coinbase, possibly signaling a sell-off. The whale made a massive profit, buying 12,427 ETH at $11 and selling 4,153 ETH at $2,984 per coin, totaling over $12 million. Other old whales also sent ETH to exchanges, with one holding 1,329 ETH worth almost $4 million.

Multiple unknown whales transferred large amounts of ETH to centralized exchanges, totaling $86,959,077; $32,273,912; and $32,683,631. This influx of ETH to exchanges may indicate a market shift. Additionally, Satoshi-era wallets containing 500 Bitcoins have seen a profit increase of nearly 49,274%.

The cryptocurrency market is buzzing with activity as ancient whales make significant transactions. These movements, including millions in ETH being sent to exchanges, potentially indicate a sell-off approaching. Satoshi-era wallets have seen massive profit growth, suggesting a shift in market dynamics.

Read more at Investing.com: Ancient Whale Sends Millions in ETH to Coinbase – Sell-off Coming? By U.Today