Bullish
Warning of selling pressure as a whale transfers $23.7M in ETH to an exchange.
2026-08-05 22:05
A whale transferred 12,664 ETH worth $23.7M to Coinbase, raising concerns about potential selling pressure.
On-chain monitoring: 12,664.76 ETH (valuing at 23.7M) was transferred from an exchange (sender) to Coinbase 5 (an exchange). Sender address: 0xc2bf398b4805893089ed4eb4fa25cb2e78c0ce87; Receiver address: 0xb5d85cbf7cb3ee0d56b3bb207d5fc4b82f43f511.
WOOFUN AI
Impact Assessment · Quick Read
Large ETH inflows to exchanges are often bearish signals that may trigger risk-off sentiment. Watch for concentrated selling; if volume spikes, ETH prices could face downward pressure.
Generated by WOOFUN AI · For reference only, not investment advice
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