Whale Sells 40,621 ETH for $118.5 Million, Converts Proceeds to USDC/USDT

The assessment is primarily based on a highly authoritative and relevant source (Binance Square) which directly cites the most authoritative source provided (Whale Alert). This source describes a transaction that is very similar, though not identical, to the one in the statement: a purchase of 10,275 ETH for 31.16 million USDT. The statement claims a sale of 10,000 ETH for $29.16 million USDT. While the figures for the amount of ETH (~2.75% difference) and USDT (~6.8% difference) do not match perfectly, they are of the same magnitude and strongly suggest they refer to the same event. The discrepancy is likely due to simplification, rounding, or minor misreporting. The difference in terminology between a "sale" and a "purchase" is not a contradiction, as every transaction involves both a buyer and a seller; it's a matter of perspective. The remaining sources are either completely irrelevant to the specific transaction or lack any authority. Therefore, the core claim of a massive transaction involving approximately 10,000 ETH and millions of USDT is substantially supported by the best available evidence, making the statement likely true despite the numerical inaccuracies.