A large ETH whale moved 2,759 ETH (~$6.77M) to fresh addresses, reducing holdings from 149.29K to 147.32K ETH.
Macro & Markets ·
A whale associated with ShapeShift transferred 2,759 ETH (approximately $6.77 million) to newly created addresses over the past week, according to on-chain data. The entity's holdings decreased from 149.29K ETH to 147.32K ETH, now valued at roughly $351.35 million.
The activity represents a portion of the whale's broader trading pattern. The entity had previously accumulated 6,688 ETH for approximately $12.78 million within an eight-hour window, suggesting ongoing accumulation despite the recent transfer of funds to fresh addresses.
The motivation behind dispersing holdings across new addresses remains unclear. Whether the transfers indicate a redistribution strategy, preparation for further trading activity, or a shift in custody arrangement is not specified in available data.