An Ethereum Foundation-linked wallet recently conducted a sizable sale, moving 2,794.87 ETH worth approximately $12.78 million at an average price of $4,602. The wallet’s previous sales included a transaction for 1,695 ETH for 7.72 million DAI at $4,556 earlier in the month. This sale comes as Ethereum continues its surge towards new highs, with prices reaching $4,655. Notably, this marks another significant sale by an entity linked to the Ethereum Foundation, following a trend of large ETH sales from these addresses.
Data highlights a 99% of holders in profit, demonstrating strong market positioning and positive sentiment. Large holders also control over 55% of supply, indicating their influence within the ecosystem.
Exchanges show consistent ETH outflows during late July and early August, with values exceeding $100 million on multiple occasions. This period coincides with a notable increase in trading activity. These outflows follow strong price gains and align with the broader market trend.
Further analysis reveals that 75% of holders held their ETH for over a year, while 22% traded within one to twelve months and 3% less than a month. This suggests a mix of long-term investment strategies and short-term traders.
The activity is notable, with exchange flows exceeding $112.82 billion in the last week alone and netflows reaching a negative value of – $296.84 million. The current market trend shows Ethereum’s price increasing consistently from around $3,700 in late July to $4,650 by August 12, suggesting active market movements driven by large holders.