On-chain monitoring account @lookonchain reported that a holder moved 70,739 ETH (about $174 million) to multiple exchanges over the past two days. The entity had previously received 167,855 ETH from several wallets and still holds 97,115 ETH. On-chain data labels the address as a significant ETH holder, and the large exchange deposit has drawn market attention. It remains unclear whether the holder will continue selling the remaining position.
Techub News reports that on-chain tracker @lookonchain flagged a holder who moved 70,739 ETH (worth roughly $174 million) to multiple exchanges over the past two days.
The entity had previously received 167,855 ETH from several wallets, per on-chain data, and still holds 97,115 ETH. The address is labeled as a large ETH holder by on-chain data, and the sizeable exchange deposit has drawn market attention. Whether the holder will keep selling the remaining stash remains unclear.
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