According to blockchain analysis, on January 29, an ancient Ethereum whale address appeared to begin reducing its holdings by moving 5000 ETH worth around $14.7 million at current prices.
The address 0x660…7Bf35 transferred 5000 ETH to a major market-making platform three hours ago. Further investigation traced the funds back to two main sources:
- Address
0xDA2…80100: Withdrew 10,600 ETH from Gate 10 years ago at a total cost of $99,000 - Address
0x132…38378: Withdrew 18,049.96 ETH from Kraken 9 years ago at prices as low as $86 per ETH
Whether this movement signals a complete exit or just partial portfolio adjustment remains to be seen through continued monitoring.