Long-dormant Ethereum wallets recently moved 37,806 ETH. This activity suggests varied feelings among major holders, known as whales, as their long-term profits turned negative, a first since 2019.
Recently, older Ethereum (ETH) wallets showed significant activity, moving 37,806 ETH. This movement coincided with a notable shift: the long-term profitability for large ETH holders, often called 'whales,' dropped into negative territory. This is the first time such a trend has been observed since 2019, indicating a divided outlook among these major investors. The action suggests some large holders might be selling, possibly due to concerns about future price movements, while others might be adjusting their positions during this key period for ETH.
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