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Ethereum whale movements: 838.52 ETH traded at a unit price of 2941 USDT, totaling 2.46 million USD
【Crypto World】Another large Ethereum transaction has been recorded on the chain. A wallet just completed a significant trade on the ETHUSDT trading pair—at a price of 2941 USDT, selling a total of 838.52 ETH, with a total value of approximately 2.46 million USDT.
Transactions of this magnitude often reflect the true intentions of market participants. Whether it’s institutional rebalancing or whale position changes, it’s worth paying attention to. In recent ETH movements, such large transactions have been frequently appearing, indicating that there are still many forces actively trading within the market.
For traders tracking on-chain data, a single transaction with a volume exceeding million USD suggests liquidity is still present. However, how the market will develop next depends on subsequent price movements and capital flow changes.