A Whale sold 10,500 ETH in crowdfunding over the course of a month, with 335 million in Holdings still in motion.

ZkSnarker

2025-11-30 14:04:16

Abstract generation in progress

[Block Rhythm] just noticed a big move on-chain: that old Whale who participated in the ETH crowdfunding back then transferred 1000 ETH to a certain exchange half an hour ago, worth about 3.03 million dollars at the current price.

What's even more exaggerated is that, looking at it over a longer period, this guy's operations in the past month have been quite aggressive—through the exchange and on-chain transactions, he has already sold 10,500 ETH, with the cash amount directly heading towards 35.39 million dollars. However, that being said, his financial backing is still strong, as he still has over 110,000 ETH lying in his wallet, which is worth more than 335 million dollars based on market value.

Players with such a large position tend to act frequently; they have been unloading continuously in a short period. It is unclear whether they are adjusting their positions or have a different outlook on the market. In any case, this wave of operations will somewhat affect market sentiment.

ETH8.88%

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BloodInStreets

· 17h ago

Did the old Whale Rug Pull? Or are they buying something at the bottom? I don't understand.

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gas_fee_therapy

· 12-01 01:45

This guy is probably going to dump, feels not so good.

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HalfIsEmpty

· 11-30 14:34

Bro, is this dumping or are you really going to run?

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AirdropHarvester

· 11-30 14:33

Wow, this guy is really dumping!

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DaoResearcher

· 11-30 14:26

It is noteworthy that, from the on-chain data, this large transfer essentially reflects the market signal failure issue under Token Weighted Voting. Specifically, the unilateral dumping behavior of whales can no longer effectively represent the fundamentals in a high liquidity environment, which aligns with the discussion in section 3.2 of Vitalik's paper. Cash out 35.39 million at the current price of 3.03 million dollars in one month, what information does this operation reveal...? Is it a change in expectations for the future market or simply a need for liquidity? According to the incentive model in the White Paper, a rational economic person shouldn't be so hasty in dumping. Over 110,000 coins are still held, which indeed indicates substantial savings. But the question is—will his selling pace trigger a Liquidity Trap? This hypothesis holds within a 95% confidence interval. Continuously dumping 10,500 coins for a whole month, this pace is quite harsh. What exactly is the market pricing? Let's refer to the governance proposal data from the project party to see if there are any relevant indicators regarding the sentiment of large investors holding coins... It seems there are none.

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LiquidityWhisperer

· 11-30 14:22

Is this guy really doing a Rug Pull or buying the dip on something else? 35.39 million just disappeared, he must have a lot of confidence to act like this.

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LowCapGemHunter

· 11-30 14:16

Wow, old Whale, this is the rhythm of dumping!

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notSatoshi1971

· 11-30 14:08

The old Whale's selling pressure is quite intense, it feels like they are catching a falling knife for those entering the market late...

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