#SolanaEcosystemANSEMSurges

Wavering After Holding for 8 Years, 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 reactivated. Based on monitoring data from Lookonchain on Saturday (June 27), those old wallets massively sold most of their holdings totaling 33,623 ETH. This sell-off was executed at an average price of $1,560 per ETH, recording a total divestment value of $52.5 million or approximately IDR 858 billion.
This phenomenon of asset exit by old whales happened precisely when Ethereum was struggling to maintain its position in the critical zone. This sale immediately shifted the psychological landscape of the market, redirecting investor focus from mere daily movements to a major test of whether new spot buyers can absorb the selling pressure from these old whales.
The burden of absorbing this supply feels even heavier given the weakening performance of institutional investment products. 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, effectively reducing major liquidity channels in the spot market. Furthermore, Ethereum's dominance in the DeFi sector continues to face stiff challenges from alternative ecosystems such as Solana and other layer-2s, sparking doubts among retail investors regarding the speed of future price recovery.