According to Lookonchain, a notable Ethereum ICO participant who initially acquired 76,000 ETH for $23,560 at Genesis has continued to liquidate holdings despite the ongoing ETH rally. Three hours ago, this whale deposited their remaining 1,900 ETH, valued at approximately $4.44 million, to the Kraken exchange. This significant on-chain movement (source: Lookonchain via X.com) may increase short-term selling pressure on Ethereum, potentially impacting price momentum and providing a critical signal for crypto traders monitoring whale activity and exchange inflows.

According to Lookonchain, an early Ethereum ICO participant sold another 1,500 ETH worth $1.76 million six hours ago, bringing his total sales since April 17 to 16,500 ETH ($29.35 million) at an average price of $1,779. The participant still retains 13,500 ETH valued at approximately $24.82 million. These large-scale sales from a dormant wallet have increased short-term selling pressure on ETH and may impact price dynamics for traders monitoring whale movements. Source: Lookonchain (x.com/lookonchain/status/1918906158112293037).

According to Lookonchain, an early Ethereum ICO participant sold another 1,500 ETH valued at $1.76 million just six hours ago. Since reactivating his wallet on April 17, this holder has liquidated a total of 16,500 ETH worth $29.35 million at an average price of $1,779 per token and still retains 13,500 ETH (approximately $24.82 million). These large, steady sales by a long-term holder could increase short-term supply and potentially pressure ETH prices lower, making close monitoring critical for traders seeking to gauge market sentiment and potential price volatility. (Source: Lookonchain on Twitter)