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Ethereum Whale Moves $9.59M to Exchanges in Potential Sell-Off

Guavy AI Editorial Team
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ETH
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An anonymous Ethereum whale has transferred approximately $9.59 million in ETH to major exchanges over the past hour, sparking speculation about a potential sell-off.

The transactions, reported by Onchain Lens, involved 5,100 ETH and were sent to FalconX, Galaxy Digital, and Coinbase.

Ethereum has experienced significant price volatility in recent weeks due to macroeconomic factors, regulatory news, and shifting investor sentiment. Large whale movements can amplify price swings, especially during periods of lower liquidity.

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