"Early Stage Investor of Ethereum Continues to Sell"

In recent days, Ethereum prices have drawn investors' attention due to large-scale wallet movements. According to Lookonchain data, a whale, known by the market as an "Ethereum OG," has transferred a total of $124 million worth of Ethereum (ETH) to exchanges in the past two days.

This investor's wallet has held significant assets since the early days of the Ethereum network. On-chain data reveals that this whale continues to remain active on the sale side, supplying a large amount of ETH to the market. According to related data, the mentioned wallet previously purchased a total of 154,076 ETH at an average cost of $517.

Notably, this wallet has deposited 40,251 ETH, worth approximately $124 million, into the Bitstamp exchange alone in the last two days. However, what is interesting is that despite the sales, there are still 26,000 ETH remaining in the wallet. The current market value of this amount is around $80.15 million.

This situation indicates that the investor has not yet released all of their assets into the market, suggesting that the selling pressure has not completely ended. Experts believe that such large-scale transfers can create psychological pressure on Ethereum prices in the short term. Specifically, if long-term waiting investors start to sell, it reinforces the perception of profit realization in the markets.

Nonetheless, considering the liquidity of Ethereum and the level of institutional interest, it is not expected that these sales will solely determine the long-term trend. On-chain monitoring platforms continue to track the fate of the assets sent to exchanges by the whale, while market investors are focused on potential new transfers. These developments are initiating a process that should be closely monitored within the Ethereum ecosystem.