A long-term holder has recently started making big moves. This wallet address began accumulating Ethereum heavily five years ago, at a cost basis of only $660 per coin, accumulating a total of 101,000 ETH. And now? In the past 24 hours alone, it transferred 40,251 ETH to exchanges, equivalent to about $124 million. Just in the last hour, transfers reached 26,000 ETH, amounting to $80.16 million, clearly indicating phased cashing out.

The wallet's accumulation history is quite interesting. Initially, it was purchased in batches from major trading platforms, and now 75,200 ETH have gradually flowed into exchanges, with an average transfer-in price of around $3,383. Based on this, realized gains exceed $200 million. However, there are still 26,000 ETH in the wallet that haven't moved, valued at about $80.16 million.

This pace of action actually reveals quite a bit. Long-term holders are beginning to realize profits in phases, executing a strategy of holding and selling simultaneously. The potential chain reaction on market liquidity and price trends is worth paying attention to in subsequent transfer movements.