Old Ether wallets move 37,806 ETH as whale conviction faces key test at $1.5K
Cointelegraph 2026-06-26 22:18:07
Context: Large, old Ether wallets have recently moved 37,806 ETH, sparking interest in the cryptocurrency market as long-term whale profitability turned negative for the first time since 2019. This development has led to mixed sentiment among large holders, with their conviction facing a key test at the $1.5K price level. The movement of these funds has raised questions about the intentions of these large holders and the potential impact on the market.
Key Facts
- Old Ether wallets moved a total of 37,806 ETH, a significant amount that has garnered attention in the cryptocurrency market.
- The recent movement of funds has led to long-term whale profitability turning negative for the first time since 2019, a notable shift in the market.
- The mixed sentiment among large holders is evident as their conviction is being tested at the $1.5K price level, a crucial point for Ether's value.