Hupzy (Spot On Chain)|8月 31, 2026 01:36
⚠️ A whale wallet has deposited 𝟰𝟬,𝟴𝟴𝟭 𝗘𝗧𝗛 ($100.67M) into exchanges over 48 hours, with 𝟭𝟬,𝟱𝟬𝟲 𝗘𝗧𝗛 ($25.52M) still pending — a methodical $126M distribution across two days.
𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: This is deliberate, sustained sell pressure, not a reactive dump. The remaining $25.5M not yet deposited means the selling is ongoing. ETH already faces underwater whale longs on Hyperliquid — this exchange-side distribution adds a second front of bearish flow. Watch for the remaining 10,506 ETH hitting exchanges as a near-term catalyst.
The two-day tranche pattern suggests a price-sensitive seller distributing gradually rather than market-selling — capping upside without triggering an immediate cascade. If the remaining $25.5M deploys quickly, expect tests of recent ETH lows.
https://arkm.com/explorer/address/0x2Ea212A3b33DA76c182A512385694A4111ac5d91
source: lookonchain
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