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I just noticed that a crypto whale is making a pretty big move — transferring about 40,000 ETH to an exchange within 24 hours, with nearly 26,000 ETH in the last hour alone, worth over $80 million. Interestingly, this wallet has held this ETH for 5 years, when the price was around $660, and has accumulated a total of 101,000 ETH.
Looking at the transaction history, they’ve moved out quite a few times, with an average transfer price of around $3,383, netting nearly $205 million in profit. They still hold 26,000 ETH worth about $80 million. It seems like they’re gradually selling off, possibly to take profits or prepare for something. Does anyone have any thoughts? Is this a signal to be cautious or just normal portfolio management?