#SolanaEcosystemANSEMSurges

Surrendered 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), 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 around Rp858 billion.
This phenomenon of asset divestment by old whales happened precisely when Ethereum was struggling to maintain its position in the critical zone. This sale immediately changed the psychological landscape 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 those 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 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 tight challenges from alternative ecosystems such as Solana and other layer-2s, thus triggering doubts among retail investors regarding the speed of future price recovery.