ETH Whales “Sell the Dip” as Hayes, 10-Year-Old ICO Wallet Move Millions

• Ethereum is facing selling pressure as two “strong hand” wallets have become active: high-profile trader Arthur Hayes and a 10-year-old ICO-era wallet.
• The Active Trader: Hayes has been actively rotating his portfolio, offloading 1,480 ETH ($4.7 million) over two days, plus millions in LDO, ENA, and UNI.
• The Dormant OG: A wallet that acquired 1,000 ETH in the 2014 ICO (a 10,097x return) made its first transaction in a decade, moving 200 ETH ($626,000).

Ethereum markets faced heightened scrutiny this week as wallet movements linked to Arthur Hayes signaled continued selling and a rapid rotation of holdings. Blockchain data from Lookonchain shows the former BitMEX CEO transferred another 700 ETH (approx. $2.22 million) to liquidity provider B2C2 Group, activity analysts interpret as preparation for a sale. This transfer followed multiple high-volume disposals and coinci…

Read The Full Article ETH Whales “Sell the Dip” as Hayes, 10-Year-Old ICO Wallet Move Millions On Coin Edition.