The Ethereum whale once again sold 5,000 ETH, and the price fluctuated violently
Recently, on-chain data analyst Yu Jin pointed out that a whale who obtained 150,000 ETH through ICO transferred 5,000 ETH to the exchange in a short period of time, and has sold 45,000 ETH in the past half month, showing continued selling. trend.
Whales continue to sell off
Since 2019, the whale has sold more than 60,000 ETH, with a total value of approximately $150 million. The sell-off in recent years has been concentrated in 2024, with notable sales in June and the September-October period.
Swing trading whales wait and see what happens
In contrast, another whale that has performed well in Ethereum swing trading has not conducted any selling since April, showing a different market strategy.
Ethereum price fluctuations
After Bitcoin briefly exceeded $64,000, Ethereum also hit $2,521, but then quickly fell back. The whale's selling behavior has led to depressed market sentiment, and future market trends still require further observation.
