#SolanaEcosystemANSEMSurges

Surrendering After 8-Year Hold, Ethereum Whale Sells 33.623 ETH at $1.560

A surprising liquidation move occurred in the crypto industry after four wallets that had been inactive for eight years suddenly became active again. Based on monitoring data from Lookonchain on Saturday (27/6), the old wallets massively sold most of their holdings, totaling 33.623 ETH. This selling action was executed at an average price of $1.560 per ETH, recording a total divestment value of $52,5 million or approximately Rp858 billion.
​This asset disposal phenomenon by old whales occurred precisely when Ethereum was struggling to maintain its position in a critical zone. This sale immediately changed the psychological map of the market, shifting investor focus from mere daily movements into a major test to see whether new spot buyers can absorb the selling pressure from these old whales.
​The burden of absorbing this supply feels increasingly heavy given that the performance of institutional investment products is also weakening. Data shows that spot Ethereum ETF products in the United States continue to record net outflows throughout last week from June 22 to June 26, which effectively reduces the main liquidity channels in the spot market. Additionally, Ethereum's dominance in the DeFi sector continues to face stiff challenges from alternative ecosystems such as Solana and other layer-2s, thus triggering doubts among retail investors about the speed of future price recovery.