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      ForensicsS | Private Detective & Digital Forensics Investigation Experts > News > Uncategorized > Ethereum Basis, Whales, and Hackers: What’s Driving the ETH Sell-Off?
    Ethereum Basis, Whales, and Hackers: What’s Driving the ETH Sell-Off?
    16
    Aug
    • ForensicsS
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    Ethereum Basis, Whales, and Hackers: What’s Driving the ETH Sell-Off?

    Scam detection

    TL;DR

    • Whales, hackers, and the Ethereum Basis wallets moved over $500M in ETH via large gross sales and withdrawals.
    • Ethereum transfers rose to 4.6M ETH, nearing the monthly high of 5.2M recorded in July.
    • Staking inflows hit 247,900 ETH, the superb in a month, locking extra offer from trading.

    Scam detection Enormous Withdrawals and Whale Insist

    Ethereum (ETH) has considered heavy breeze from main wallets over the previous few days. On-chain data from Lookonchain reveals a newly created wallet pulled 17,591 ETH, rate $81.62 million, from Kraken in precisely two hours. 

    Over three days, two new wallets withdrew a mixed 71,025 ETH, valued at $330 million, from the alternate.

    This form of wallets, address 0x2A92, has withdrawn fifty three,434 ETH, rate $242.34 million, in two days. This entails a recent buy of 30,069 ETH, valued at $138.46 million, throughout a market tumble.

    Scam detection Main ETH Holders Offload Thousands and thousands Amid Impress Rally

    In difference, several separate entities were eliminating some ETH holdings. A wallet tied to a hacker address 0x17E0 offered 4,958 ETH for $22.13 million at $4,463, securing a revenue of $9.75 million. Earlier this 365 days, the same address offered 12,282 ETH at $1,932 and later offered aid phase of the amount at better costs.

    A favorable whale offered 20,600 ETH for $96.55 million over the previous two days, generating a revenue of bigger than $26 million after keeping the problem for nine months. 

    In the meantime, an Ethereum Basis-linked wallet, 0xF39d, offered 6,194 ETH rate $28.36 million in the closing three days at an reasonable mark of $4,578. 

    Recent gross sales from the same wallet integrated an extra 1,100 ETH and 1,695 ETH for over $12.7 million mixed.

    The #EthereumFoundation-linked wallet(0xF39d) offered one more 1,300 $ETH($5.87M) at $4,518 ~11 hours ago.

    At some stage in the last 3 days, this wallet has offered a entire of 6,194 $ETH($28.36M) at an reasonable mark of $4,578.https://t.co/4hfCWymHVG pic.twitter.com/ErUyEY8SJy

    — Lookonchain (@lookonchain) August 15, 2025

    Scam detection Network Insist on the Upward thrust

    CryptoQuant data reveals Ethereum’s entire tokens transferred were hiking since August 9. After ranging between 1 million and 3 million ETH via dreary July and early August, transfers luxuriate in risen to 4.6 million ETH, impending the monthly high of 5.2 million recorded in mid-July. This elevate has came about alongside a mark rally from about $3,400 to $4,600.

    scam detection Ethereum (ETH) Tokens Transferred (Total)
    Source: CryptoQuant

    Apparently, staking inflows on the total stayed between 20,000 and 80,000 ETH per day over the previous month. On August 14, inflows jumped to 247,900 ETH, the superb in the duration. 

    On the time, ETH modified into trading attain $4,600. Enormous staking deposits lower the amount of ETH readily accessible for immediate trading, as staked coins are locked for a residing duration.

    scam detection Ethereum (ETH) Staking Inflow Total
    Source: CryptoQuant

    In the meantime, ETH trades at $4,647 with a 24-hour quantity of $68.25 billion, down 2% on the day but up 19% over the week.

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