đ Ethereum (ETH) is on the rise! Following the Fed's 50 basis points rate cut, ETH surged 16% this week, sparking investor optimism. However, some whales are cashing out while prices are high. đ
On-chain data reveals two major whales moved 8,510 ETH (~$21.9M) to centralized exchanges. One dormant whale shifted 3.5K ETH (~$9.04M) after three months. Despite these moves, the whale still holds 136K ETH (~$358M).
Genesis Trading also moved 5K ETH (~$12.9M) to repay creditors, yet retains 162K ETH (~$423M). ETH trading volume spiked 52% in 24 hours, trading at $2,654. Will the whale activity impact ETH's rally? đ #Ethereum #CryptoNews
