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ETH ICO Whale Transfers 10,000 ETH to Multi-Sig Address, Likely Preparing for Sale

GateNews

ethereum news On-Chain Data

2026-04-25 05:46:25

ETH-3.19%

Gate News message, April 25 — An Ethereum ICO whale holding 1 million ETH transferred 10,000 ETH worth approximately $23.21 million to a multi-signature address, according to on-chain analyst monitoring. This marks the second such transfer within the past week.

The receiving address has accumulated 12,001 ETH in deposits to a major CEX over the past two months, valued at approximately $24.62 million. Historical patterns indicate that ETH transferred to this address is subsequently distributed in batches to exchanges, suggesting a potential sale in the near term.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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