Smart Money Wallet Unveils Startling $138M Ethereum Sell-Off
Main Idea
A Smart Money Wallet sold $138 million worth of Ethereum (ETH) in a week, highlighting the strategic moves of influential crypto addresses and their potential impact on the market.
Key Points
1. A Smart Money Wallet sold 38,582 ETH (worth ~$138M) over the past week, with an estimated profit of $36.57M.
2. The wallet's average acquisition cost for ETH was ~$2,600 per token, and it still holds 25,054 ETH, mostly on Aave.
3. Smart Money Wallets are known for early adoption, strategic accumulation, and timely dispersal of assets to maximize profits.
4. The sell-off was identified through on-chain analysis by researcher @ai_9684xtpa on X.
5. Large sales by Smart Money Wallets can signal profit-taking or strategic rebalancing, not necessarily a bearish market trend.
Description
BitcoinWorld Smart Money Wallet Unveils Startling $138M Ethereum Sell-Off The cryptocurrency world is always buzzing with activity, and few events capture attention quite like the movements of a Smart Money Wallet . These are often large, influential addresses known for making highly profitable trades, and their actions can send ripples across the market. Recently, an anonymous address, widely considered a smart money wallet, has sparked considerable discussion by reportedly selling a massive am...
Latest News
- Bitcoin ETF Holdings: Brevan Howard’s Astounding $2.3 Billion Disclosure2025-08-15 15:31:05
- Deribit USDC Options: A Revolutionary Leap for Bitcoin and Ether Trading2025-08-15 14:33:16
- Retail Interest Surges: Why Investors Are Pivoting from Bitcoin to Altcoins and Ethereum2025-08-15 14:29:18
- Bybit’s Daily Treasure Hunt Returns with 220,000 USDT Prize Pool and Lower Entry Barriers2025-08-15 14:28:08
- Bitcoin Uptrend: Resilient Against US PPI Shocks2025-08-15 14:26:33