#SolanaEcosystemANSEMSurges

Giving Up After an 8-Year Hold, Ethereum Whale Sells 33.623 ETH at a Price of $1,560
A surprising liquidation move took place in the crypto industry after four wallets that had been inactive for eight years suddenly went back online. Based on monitoring data from Lookonchain on Saturday (27/6), the old whale wallets massively sold most of their holdings—33.623 ETH. This selling action was executed at an average price of $1,560 per ETH, bringing the total divestment value to $52.5 million, or approximately Rp858 billion (miliar).
This asset-offloading phenomenon by old whales is occurring precisely as Ethereum is struggling to maintain its position in the critical zone. The sell-off immediately reshaped the market’s psychological landscape, shifting investor focus from mere day-to-day 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 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 22 June to 26 June, effectively reducing the main liquidity channels in the spot market. On top of that, Ethereum’s dominance in the DeFi sector continues to face stiff challenges from alternative ecosystems such as Solana and other layer-2 solutions, triggering doubts among retail investors about the speed of price recovery going forward.