According to the source, ETHZilla disclosed a 1-for-10 reverse stock split, and its shares fell following the announcement (source: the source). A 1-for-10 reverse split consolidates every 10 existing shares into 1 new share while leaving overall market capitalization unchanged at implementation, and fractional shares may be paid out in cash depending on the issuer’s plan (source: U.S. SEC Investor.gov, Reverse Stock Splits). Reverse splits are commonly used to increase the per-share price, including to help meet minimum bid requirements for exchange listings (source: U.S. SEC Investor.gov). The source did not report any direct impact on ETH (ETH) prices tied to the announcement, so crypto traders should primarily monitor subsequent treasury disclosures from the company if provided (source: the source).

According to @OnchainLens, a newly created wallet (0x5509869f537ddD37b8D2c3e0aC2E882CdfA881E41) withdrew 10,001 ETH worth about $46.4M from OKX in the past 3 hours, implying roughly $4,640 per ETH transferred (Source: Onchain Lens post on X, Sep 14, 2025). Historically, sustained net exchange outflows reduce immediately available sell-side liquidity and have coincided with periods of accumulation in ETH markets (Source: Glassnode Insights research on Exchange Net Position Change and ETH exchange balances). Large withdrawals can also represent internal exchange movements or custody reshuffling rather than directional buying, so traders should monitor follow-on transfers from 0x5509… and OKX netflows before inferring intent (Source: Chainalysis Market Intel methodology on exchange flow heuristics). If further outflows depress ETH exchange reserves, order-book depth typically thins and slippage risk rises for market orders, impacting short-term price dynamics (Source: Kaiko research on crypto market depth and exchange liquidity).

According to @OnchainLens, a tracked wallet unstaked 10,564 ETH (about $46.55M) from Mantle staking after two years, based on on-chain data shared in their post. According to @OnchainLens and the Arkham Intelligence address explorer link they referenced, the same wallet then deposited 10,819 ETH (about $47.79M) to Kraken. According to @OnchainLens, the address initially received 11,088 ETH worth $7.15M five years ago, implying a profit exceeding $40M as cited in their analysis.