#SolanaEcosystemANSEMSurges


Surrendered After 8-Year Hold, Ethereum Whale Sells 33.623 ETH at $1.560
A surprising liquidation step 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), those old wallets massively sold most of their holdings of 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 phenomenon of asset unloading by old whales occurred precisely when Ethereum was struggling to maintain its position in the critical zone. This sale immediately changed the psychological map of the market, shifting investor focus from mere daily movements to 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 heavier given that the performance of institutional investment products is also weakening. Data shows that spot Ethereum ETF products in the United States continued to record net outflows throughout last week from June 22 to June 26, which effectively reduced the main liquidity channels in the spot market. Additionally, Ethereum's dominance in the DeFi sector continues to face strict challenges from alternative ecosystems such as Solana and other layer-2s, triggering doubts among retail investors regarding the speed of price recovery going forward.
Latest Price Update (Real-Time)
Today, DOGE's movement is observed to be stable in the lower consolidation zone with slight fluctuations:
Current Price: In the range of Rp1.290 – Rp1.309.
Daily Movement: The price briefly touched the daily low at Rp1.290 before slowly crawling up towards evening to the level of Rp1.308. In general, DOGE is still struggling to maintain the psychological level of Rp1.300 due to selling pressure throughout June.
82226
ETH5.60%
SOL4.22%
DOGE3.20%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned