In recent times, ancient ETH whales from 2016 have been very active, having sold 7,000 ETH through market makers for a profit of nearly 20 million USD.

[BitPush] An interesting thing has come up. A 2016 ETH old player, with a holding cost so low that it makes people envious, has been very active in the past month - quietly selling off 7,000 ETH through Wintermute, a market maker channel.

Let's do the math: the cost price of this batch of coins is only $203.22, but the average selling price has reached $3024. If sold, it would net a profit of $19,745,000, with a return rate close to 15 times. Just an hour ago, this whale transferred 1000 ETH to Wintermute, valued at $3,010,000 at the current price.

What's even more exaggerated is that after selling so much, they still hold 26,992.67 ETH, worth about 80.99 million USD. Such a significant change in holdings will have some impact on market sentiment. Old investors understand that when a giant whale moves, retail investors get anxious.