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TechFlow, April 15 — According to on-chain analyst Spot On Chain (@spotonchain), a wallet address that had held for over two years has unstaked its entire balance of 8,922 ETH (approximately $14.8 million) and transferred the funds to the Kraken exchange.
The analyst believes this could be a panic sell-off, as this whale previously dumped holdings at the bottom following the Terra collapse.
According to on-chain analyst Spot On Chain (@spotonchain), a wallet address that had held for over 2 years has undelegated all 8,922 ETH (approximately $14.8 million) and transferred them to the Kraken exchange. The analyst believes this could be a panic sell-off, as after the Terra collapse, this whale also sold at the bottom.
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