Ethereum whale wallet 0xdE03 made another big sale just 6 hours ago with 25,755 ETH valued at $117 million according to the Lookonchain data. The huge buyout is the most recent profit-taking action in a sequence of deliberate transactions over the past three years.

Whale 0xdE03 sold another 25,755 $ETH($117M) 6 hours ago to take profits.

Over the past 3 years, he withdrew 44,661 $ETH($107.7M) from exchanges at $2,411 avg and staked it, then deposited 45,132 $ETH($165.5M) to #Binance at $3,668 avg.

He still holds 3,362 $ETH($15.2M), for a… pic.twitter.com/jjaeHPwPww

In the last three years, the whale has strategically withdrawn 44,661 ETH (valued at 107.7 million) out of exchanges. These withdrawals on average were done at an entry price of 2,411 per ETH. The whale did not sell at the first opportunity but staked the assets making reward during the retention.

This hoarding approach had transformed into active profit-taking. At an average price of $3,668 per ETH, the whale sold 45,132 ETH (worth of up to $165.5 million) back to Binance, cashing in on high profits when the market shifted, and the coins became worth more.

Arkham Intelligence data indicates that there has been a regular activity of the whale wallet around several years. Key transfers include:

The latest 25,755 ETH transfer into Binance underscores how the whale is still using centralized exchanges to sell holdings and secure profits.

Nevertheless, the whale has 3,362 ETH worth of staking contracts even after the gigantic sales. This would take his overall gain to approximately 73 M dollars and set one of the most effective Ethereum buy and sell plans in recent history.

The blockchain data shows that the remaining stake is tied up in Eth2 pools where the wallet has a balance of 3,361.8881 ETH, equivalent to $15,205,853 at present prices.

The movement of large whales can make traders worry of its effect on the market. Although these large sell-offs are capable of putting downward pressure, the liquidity of Ethereum has in the past soaked up even billion-dollar buys without volatilizing at terminal velocity.

Nevertheless, this incident highlights the role played by the whales in driving the short term market sentiment. Liquidation to an amount of $117 million is a substantial supply influx and moving forward, traders will have a keen attention to the price movement of ETH in the next few days.

As Ethereum trades at about $4,500, whales that accumulated at the 2022-2023 lows are still in a good position to make profits. The activity of this whale can also likely motivate other big holders to gain profits, which can have an impact on the volatility in the short run.

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