Whale sells 3,000 ETH worth $4.98M

An anonymous whale address starting with 0x1578 sold 3,000 ETH, worth approximately $4.98 million, on-chain about 10 hours ago, according to on-chain analyst ai_9684xtpa. The analyst noted that the address acquired the ETH about three years ago to earn interest through DeFi channels like the decentralized lending protocol Aave (AAVE). He added that the sale likely indicates the whale has a pessimistic outlook on the market.