$312M ETH Transfer Triggers Sell-Off Fears As Ethereum Price Crashes Below Support

Description

Blockchain tracking service Whale Alert posted a major alert showing that 129,392 ETH was transferred from an unidentified wallet to Coinbase as the Ethereum price tumbled. On-chain data from Etherscan shows that this particular wallet had not been involved in the transfer of large ETH volumes since November 2022. This sudden reactivation and deposit into a centralized exchange opens up speculation of a looming selloff, especially given the timing of the transfer. Massive ETH Transfer As Middle ...