Market Insights: Hashkey Capital’s Large-Scale Ethereum Transaction Raises Questions

Hashkey Capital Offloads 12K ETH as Ethereum Hits ‘Interesting Spot’

As Ethereum hovers near the $4,000 mark, institutional movement is stirring speculation about market direction.

By [Your Name]

July 28, 2025

In a sudden turn of events, it has been reported that a wallet linked to Hashkey Capital moved an astonishing 12,000 ETH, valued at approximately $47.18 million, onto OKX. This massive sale sparks concerns over potential short-term market pressure.

Despite recent sell signals from some analysts, institutional demand for Ether remains strong. The report of this large-scale sell-off has prompted a new wave of speculation regarding the market’s future trajectory.

Source: www.coinspeaker.com