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Wallet address (0x3EBF), active during the Indexed Finance and Kyber Network vulnerability incidents, suddenly resumed trading after a year of silence. This time, the scale of the action is significant— the wallet owner rapidly sold off multiple mainstream tokens.
Specifically, 226,961 UNI were sold off, converting to approximately $1.36 million in cash. The selling pressure on LINK was also substantial, with 33,215 tokens cashed out for $410,000. CRV saw a sale of 845,806 tokens, amounting to $328,000. Even YFI was not spared, with 5.25 tokens exchanged for $17,500.
Such large wallet movements often attract market attention. After a year of silence, suddenly taking action raises questions— is this forced liquidation to cope with pressure, or an active profit-taking move? Considering the current trends of these tokens, the timing may reflect the large holder’s market judgment. For traders tracking on-chain data, these whale-level operations often reveal early market signals.