Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Vae embraces Bitcoin, Ibit attracts $ 1B: a global BTC shift that unfolds?

2025-05-10

Bitcoin – Price is rising by $ 100k – Bull Market officially back?

2025-05-10

XRP, Pepe Rebound underway, but Cardano and this Defi -Token look stronger: Rexas Finance

2025-05-10
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Soonchain integrates into AGNT-HUB to elevate AI-driven web3 gaming

    2025-05-10

    China’s Beijing unveils 2-year DLT Development Action Plan

    2025-05-10

    Nexera and Pinkchain unite to Tokenize € 1.1 billion real estate pipeline with Shariah-compliant products

    2025-05-10

    Mint Blockchain integrates Chainlink CCIP to feed cross-chain connectivity

    2025-05-10

    ‘Nasdaq on Solana’ vision sees progress with opening bell launch

    2025-05-10
  • NFT

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08

    Edge Matrix, Colabs Partner to strengthen NFT -Makers

    2025-05-08

    Argentinian football club Partners with StepN to launch digital sneakers

    2025-05-05

    Pudgy Penguins #6873 Leads with Top NFT -sale worth $ 360.2k

    2025-05-04
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Bitcoin – Price is rising by $ 100k – Bull Market officially back?

    2025-05-10

    JPMorgan Chase warns US shares ‘Not a good place to verbat’ as billionaire Paul Tudor Jones Braces for fresh market Lows

    2025-05-10

    Partially completed Wave 5 says there is still room to run

    2025-05-10

    Wells Fargo increases the price target for a company of billion dollars, the shares of the company’s prognoses will increase by 52%: report

    2025-05-10

    Ethereum – Price explodes beyond $ 2,200 with a 25% increase – Momentum builds up quickly

    2025-05-10
  • Learn

    What Is Proof-of-Authority (PoA)?

    2025-05-10

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02

    What Is a Layer-0 Protocol?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Ethereum: Are Whales Moving Away From ETH?
Altcoins

Ethereum: Are Whales Moving Away From ETH?

2023-12-10No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Journalist

Posted: December 11, 2023


  • Whales started selling their ETH holdings.
  • The price remained the same and institutions started showing interest in ETHE.

Ethereum [ETH] The price has risen enormously in recent weeks. This allowed many holders who got in early to try to sell their holdings for a profit.

One great whale had already begun to sell his possessions.

Profit-taking season

The whale, skilled in the art of swing trading with Ethereum ETH, recently started selling ETH. The whale has made a significant deposit of 3,700 ETH (equivalent to $8.72 million) on the Binance platform.

Currently, the whale owns a total of 10,000 ETH, which amounts to a value of $23.58 million.

The whale, who was good at swing trading $ETHstarted selling $ETH.

He/she deposited 3,700 $ETH($8.72 million). #Binance 1 hour ago and currently has 10K $ETH($23.58 million).https://t.co/TBXBbfkV1N pic.twitter.com/scbxXyJeno

— Lookonchain (@lookonchain) December 9, 2023

The whale’s strategic sale of Ethereum could impact the market either positively or negatively. On the plus side, if the whale’s actions lead to greater liquidity and more balanced price levels, it could contribute to a healthier and more stable ETH market.

On the negative side, however, large trades like this can also create volatility, potentially causing short-term price fluctuations and affecting investor sentiment.

The sale wasn’t limited to one whale. Recent data showed that supply had decreased at many top addresses at trade fairs.

However, despite the whale sell-off, ETH’s overall price momentum was unaffected. The price of ETH was $2,361.38, at the time of writing. The price was met 0.41% in the last 24 hours.

Source: Santiment

Institutions remain enthusiastic

However, Grayscale Ethereum Trust’s premium gap, which was previously -59.49% in December 2022, narrowed due to institutional buying, which positively impacted ETH’s trajectory.

See also  These two catalysts could explode the price of Ethereum, according to Coin Bureau's Guy Turner

The Grayscale Ethereum Trust premium gap refers to the difference between the market price of Ethereum (ETH) and the price at which Grayscale Ethereum Trust (ETHE) shares are valued.

A negative premium indicates that ETHE shares are trading below the market value of ETH. As of December 2022, the premium difference was -59.49%, indicating that ETHE shares were significantly undervalued compared to the actual price of ETH.


Realistic or not, here is the market cap of ETH in BTC terms


The reduction in this premium gap is attributed to institutional purchasing, meaning that institutional investors acquired ETHE shares.

When institutions invest in trust products like Grayscale, it often reflects trust in the underlying asset, in this case Ethereum.

Source: Cryptoquant



Source link

ETH Ethereum Moving Whales
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

XRP, Pepe Rebound underway, but Cardano and this Defi -Token look stronger: Rexas Finance

2025-05-10

Ethereum rises 32% when $ 60 million leaves ETFs – is ETH’s identity crisis over?

2025-05-10

Best crypto to buy now as UFC legend Conor McGregor calls for a Bitcoin strategic reserve in Ireland

2025-05-10

Artificial Superintelligence Alliance breaks its downward trend: Can Fet be passing by $ 1?

2025-05-10
Add A Comment

Comments are closed.

Top Posts

SubQuery supports Soroban to advance Stellar’s Smart Contract Network

2024-03-23

Bitcoin: What can help the ailing king as prices decline yet again?

2023-08-01

Crypto Trader analyzes trends ahead of Bitcoin (BTC) halving and expects more volatility in the future

2023-10-06
Editors Picks

Did Sam Bankman-Fried Secretly Pay Out $1.5 Million?

2024-09-01

Crypto.com becomes the first exchange to secure the MiCA license for EU operations

2025-01-17

Crypto bull market much closer than we realize, warns analyst Jason Pizzino

2024-12-27

Hong Kong Companies Want to Issue Ethereum (ETH) ETFs Before US Approval: Report

2024-03-13
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Vae embraces Bitcoin, Ibit attracts $ 1B: a global BTC shift that unfolds?

Bitcoin – Price is rising by $ 100k – Bull Market officially back?

XRP, Pepe Rebound underway, but Cardano and this Defi -Token look stronger: Rexas Finance

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$104,407.991.33%
  • ethereumEthereum(ETH)$2,545.568.43%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.432.82%
  • binancecoinBNB(BNB)$661.66-1.54%
  • solanaSolana(SOL)$179.104.08%
  • usd-coinUSDC(USDC)$1.00-0.03%
  • dogecoinDogecoin(DOGE)$0.24453818.73%
  • cardanoCardano(ADA)$0.824.98%
  • tronTRON(TRX)$0.2647830.54%
  • suiSui(SUI)$4.185.54%
  • chainlinkChainlink(LINK)$17.076.41%
  • avalanche-2Avalanche(AVAX)$25.298.17%
  • stellarStellar(XLM)$0.3169476.35%
  • shiba-inuShiba Inu(SHIB)$0.0000179.41%
  • hedera-hashgraphHedera(HBAR)$0.2166746.95%
  • the-open-networkToncoin(TON)$3.526.59%
  • hyperliquidHyperliquid(HYPE)$26.195.55%
  • bitcoin-cashBitcoin Cash(BCH)$427.453.14%
  • polkadotPolkadot(DOT)$5.155.37%
  • litecoinLitecoin(LTC)$104.861.00%
  • unus-sed-leoUNUS SED LEO(LEO)$8.21-5.29%
  • moneroMonero(XMR)$325.071.59%
  • bitget-tokenBitget Token(BGB)$4.948.27%
  • pepePepe(PEPE)$0.0000134.91%
  • piPi(PI)$0.785.95%
  • daiDai(DAI)$1.00-0.02%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • uniswapUniswap(UNI)$7.2711.77%
  • bittensorBittensor(TAO)$463.768.32%
  • nearNEAR Protocol(NEAR)$3.3313.60%
  • aptosAptos(APT)$6.189.83%
  • ondo-financeOndo(ONDO)$1.087.43%
  • aaveAave(AAVE)$225.036.04%
  • okbOKB(OKB)$55.761.07%
  • ethereum-classicEthereum Classic(ETC)$20.455.73%
  • internet-computerInternet Computer(ICP)$5.785.28%
  • kaspaKaspa(KAS)$0.1109595.94%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.28-4.63%
  • render-tokenRender(RENDER)$5.449.03%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2700855.81%
  • vechainVeChain(VET)$0.0320345.99%
  • crypto-com-chainCronos(CRO)$0.1036551.41%
  • gatechain-tokenGateToken(GT)$22.390.35%
  • mantleMantle(MNT)$0.792.21%
  • ethenaEthena(ENA)$0.43295017.19%
  • arbitrumArbitrum(ARB)$0.47407024.86%
  • filecoinFilecoin(FIL)$3.256.48%
  • algorandAlgorand(ALGO)$0.2505117.26%
  • usd1World Liberty Financial USD(USD1)$1.00-0.16%
  • bitcoinBitcoin(BTC)$104,407.991.33%
  • ethereumEthereum(ETH)$2,545.568.43%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.432.82%
  • binancecoinBNB(BNB)$661.66-1.54%
  • solanaSolana(SOL)$179.104.08%
  • usd-coinUSDC(USDC)$1.00-0.03%
  • dogecoinDogecoin(DOGE)$0.24453818.73%
  • cardanoCardano(ADA)$0.824.98%
  • tronTRON(TRX)$0.2647830.54%
  • suiSui(SUI)$4.185.54%
  • chainlinkChainlink(LINK)$17.076.41%
  • avalanche-2Avalanche(AVAX)$25.298.17%
  • stellarStellar(XLM)$0.3169476.35%
  • shiba-inuShiba Inu(SHIB)$0.0000179.41%
  • hedera-hashgraphHedera(HBAR)$0.2166746.95%
  • the-open-networkToncoin(TON)$3.526.59%
  • hyperliquidHyperliquid(HYPE)$26.195.55%
  • bitcoin-cashBitcoin Cash(BCH)$427.453.14%
  • polkadotPolkadot(DOT)$5.155.37%
  • litecoinLitecoin(LTC)$104.861.00%
  • unus-sed-leoUNUS SED LEO(LEO)$8.21-5.29%
  • moneroMonero(XMR)$325.071.59%
  • bitget-tokenBitget Token(BGB)$4.948.27%
  • pepePepe(PEPE)$0.0000134.91%
  • piPi(PI)$0.785.95%
  • daiDai(DAI)$1.00-0.02%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • uniswapUniswap(UNI)$7.2711.77%
  • bittensorBittensor(TAO)$463.768.32%
  • nearNEAR Protocol(NEAR)$3.3313.60%
  • aptosAptos(APT)$6.189.83%
  • ondo-financeOndo(ONDO)$1.087.43%
  • aaveAave(AAVE)$225.036.04%
  • okbOKB(OKB)$55.761.07%
  • ethereum-classicEthereum Classic(ETC)$20.455.73%
  • internet-computerInternet Computer(ICP)$5.785.28%
  • kaspaKaspa(KAS)$0.1109595.94%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.28-4.63%
  • render-tokenRender(RENDER)$5.449.03%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2700855.81%
  • vechainVeChain(VET)$0.0320345.99%
  • crypto-com-chainCronos(CRO)$0.1036551.41%
  • gatechain-tokenGateToken(GT)$22.390.35%
  • mantleMantle(MNT)$0.792.21%
  • ethenaEthena(ENA)$0.43295017.19%
  • arbitrumArbitrum(ARB)$0.47407024.86%
  • filecoinFilecoin(FIL)$3.256.48%
  • algorandAlgorand(ALGO)$0.2505117.26%
  • usd1World Liberty Financial USD(USD1)$1.00-0.16%