Four key forces sold 197,800 ETH in the past month, about $599 million!
According to statistics, ETH has fallen sharply twice in the past month (a cumulative decline of 23.5%). The following are four key forces that may have led to recent sell-offs:
1. Ethereum Foundation: sold 35,400 ETH (about $95 million), still holding 275,000 ETH (about $677 million).
2. Jump Trading: sold 88,900 ETH (about $276 million), still holding 53,600 ETH (about $132 million).
3. IC0-related whale "0xe17": sold 48,500 ETH (about $154 million), still holding 303,000 ETH (about $751 million).
4. Long-term holding whale "0x682": sold 25,000 ETH (about US$73.9 million), and still holds 41,600 ETH (about US$103 million).