Ethereum Whales Flash Mixed Signals Even as $540M Moves Off Exchanges

Ethereum whales are sending mixed signals to the market with their moves. In the last 24 hours, the Ethereum price dropped 6%, sliding from $2,650 to $2,484. The sharp decline coincides with large-scale whale movements, out of which some signal panic and others show signs of strategic accumulation. Ethereum Whales Look to Move ETH Off the Exchanges According to Lookonchain, a whale dumped 10,543 ETH (worth $26.1 million) on decentralized exchanges at an average price of $2,476. This resulted in a $2 million loss over just 48 hours, as per on-chain data. Meanwhile, analysts at CryptoQuant reported that the Ethereum whales withdrew more than $540 million worth of ETH from centralized platforms. This was the largest single-day net ETH outflow since April. Analysts interpret this as a move to cold wallets or staking protocols, which is a classic sign of long-term holding. Binance’s Ethereum Reserves Drop by 300,000 ETH Adding to… Read More at Coingape.com

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