🐳 Whale Sell-Offs Raise Concerns for Ethereum 🚨
📈 Ethereum's price has risen over 2% in the last 24 hours, but ongoing sell-offs by major #wallets are stirring worries about potential panic #selling among retail #investors .
Key highlights:
▪️Major wallets, including an Ethereum ICO participant and Genesis, moved a total of 8,510 #ETH🔥🔥🔥🔥 (around $21.9 million) to centralized exchanges.
▪️ The ICO whale transferred 3,510 ETH to Kraken after a three-month hiatus, still holding 136,000 $ETH across multiple wallets.
▪️Genesis transferred 5,000 ETH to FalconX as part of its bankruptcy repayment plan.
👀 Additionally, the Ethereum Foundation sold 100 ETH, increasing its total sales to 3,566 ETH since January 2024, amounting to nearly $9.94 million. 🤔
