Big bad news!!!

Big bad news!!!

Big bad news!!!

Another whale starts selling in large quantities!

Ethereum price drops for the third consecutive day, with Ethereum hitting $2,460, down 8.30% yesterday. With the third consecutive bearish candle, $ETH is down 11.22%, currently trading at $2,461

Amid the sell-off, Wintermute, a well-known market maker and well-known Ethereum whale, decided to transfer 14,759 ETH (worth about $36.26 million) to the Binance exchange in 15 minutes. This is part of a wider strategy, which has seen the company decide to complete the transfer of 17,571 ETH on the exchange in just 8 hours.

The total amount of the transfer is expected to be around $43.41 million. After collecting Ethereum tokens from various exchanges such as OKEx, Coinbase, Gate, Bybit, and Kraken, the sudden increase in Wintermute's activity has the market wondering whether Ethereum will fall to $2,000.