Ethereum Whale Moves 14,000 ETH in Major OTC Transfer Worth $31.92M

• A major Ethereum whale transferred 14,000 ETH worth $31.92M through Wintermute OTC.
• The whale originally accumulated 35,932 ETH at an average of $203.22 per ETH.
• Other whales accumulated 110,000 ETH in 72 hours, while Ethereum’s price dipped.

A major Ethereum whale reportedly moved 14,000 ETH through Wintermute OTC, a transaction worth approximately $31.92 million. If sold, the whale could realize a profit of about $29.07 million. The transaction has drawn attention due to the whale’s long history of holding Ethereum since 2016.

Historic Ethereum Holdings and Large-Scale Transactions

Blockchain records in a post on X by Aunt Ai indicate that the whale’s funds can be traced to the wallet address “0x95Bf4d908f60047D689E5fA3c080045b0C3A90e7”. This address withdrew 35,932 ETH between September 2016 and December 2018 at an average price of $203.22 per ETH. The latest movement of 14,000 ETH suggests a potential sale, though details on execution remain uncertain.

The wallet linked to the whale has conducted multiple transactions with Wintermute in the past. The latest transfer raises speculation about the whale’s strategy amid current market conditions. Large movements like this can influence Ethereum liquidity and price stability, making them closely monitored by analysts.

Whales Accumulate 110,000 ETH in 72 Hours

Market analysts observed large-scale Ethereum accumulation by other whales in a separate development. Blockchain data shows that whales collectively acquired 110,000 ETH in the past 72 hours. The movement suggests significant market activity, with institutional players and high-net-worth individuals continuing to transact in substantial volumes.

According to Ali Chart analyis tracking Ethereum’s price movements alongside the holdings of addresses holding 1,000,000 to 10,000,000 ETH. The price fluctuated between February 9 and 27, with notable increases and sharp declines.

Ethereum’s price peaked around February 21 before declining significantly. Whale holdings remained relatively stable but saw a decrease near the end, coinciding with Ethereum’s price drop to approximately $2,353.

Significant Ethereum transactions often impact market liquidity and investor sentiment. Whale activities can signal shifts in supply distribution, especially when involving over-the-counter transactions.

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