The latest monitoring data shows that two suspected related Ethereum addresses have conducted a large-scale selling activity in the past 10 hours, with a total of 3810.76 ETH sold, worth approximately 13.92 million dollars. The holders of these two addresses are expected to gain a considerable profit of 2.693 million dollars from this operation.

It is reported that these Ether were accumulated between October 2024 and June 2025, with average purchase costs of $2940 and $2977 respectively. Since yesterday, these addresses have begun to transfer Ether to the exchange in batches, with a total transfer amount reaching 5,540.76 ETH, approximately $20.09 million.

This series of actions has attracted the market's attention. Analysts point out that the concentrated selling behavior of large holders may have a certain impact on Ethereum's price in the short term. However, there are also views that, considering Ethereum's long-term development prospects and its dominant position in the decentralized finance (DeFi) field, such a scale of dumping has a limited impact on the overall market.

It is worth noting that although these two addresses exhibit similar trading patterns, it is currently impossible to determine whether they actually belong to the same entity. The anonymity of the cryptocurrency market complicates the tracking of fund flows and the assessment of trading intentions.

As the cryptocurrency market continues to mature, large transactions and cash-out behaviors are receiving increasing attention from investors. This not only reflects the market participants' judgments on short-term price trends but also to some extent reflects their views on the long-term market outlook. Investors should remain vigilant, closely monitor market trends, and make informed investment decisions.