🔸A legendary whale has officially cleaned out 154,076 ETH after holding for 10 years, making a profit of $274 million. The final dump of 26,000 ETH onto the exchange is not only a historic milestone but also a highly concerning signal for those expecting ETH to break through
🔸The OG's sell-off coincides with ETFs for Ethereum experiencing a net outflow of over $93.8 million. The harsh reality is that when even the longest-term holders and financial institutions are fleeing, the current price of $3,150 is extremely fragile
🔸While individuals are retreating, large corporations are seizing up to 3.43% of the total ETH supply to become validators. ETH is gradually becoming a game for institutions, going against Vitalik Buterin's long-held vision of a decentralized internet, which he criticized as platforms prioritize profit
🔹The era of individual whales is closing, giving way to an ETH dominated by corporations, where short-term selling pressure remains extremely intense
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This article is not investment advice. The market is always volatile—consider carefully and invest responsibly