The sale of a significant amount of ETH from a long-inactive wallet caught the attention of the crypto community, highlighting market volatility.
1,014 ETH Sold After Three Years
The wallet, inactive for three years, originally purchased 1,014.67 ETH at an average price of $1,771, totaling $1.8 million. The transaction was completed on March 17, 2025, with profits amounting to $126,000. The current ETH price stands at $1,900.
ETH Predicted to Rally to $2,200
Ethereum is currently trading at $1,900, with a -2.4% change over the past 24 hours. Analysts, including **Rekt Capital**, foresee a potential increase of 15% to $2,200 in the upcoming weeks.
Impact of Large Transfers on the Market
Historically, large movements such as the recent transfer of 30,000 ETH have had significant price effects. Such actions confirm the influence whales exert on the crypto market.
The sale of ETH from a dormant wallet emphasizes the unpredictability of cryptocurrency markets and the potential influence of whales on price dynamics.
