An Ethereum "whale," after 8 years of silence, has begun to sell a large amount of ETH while the market is experiencing a strong increase. According to Lookonchain, this entity, which controls 28 wallets, sold 13,400 ETH worth about 37.38 million USD on November 7. This whale has accumulated ETH from the ShapeShift exchange since 2016 at an average price of 3.5 USD/ETH.

ETH has risen more than 8% in the past 24 hours, outperforming Bitcoin and Solana. Expert Byzantine General predicts a "short squeeze" that could push ETH prices even higher.

Ethereum ETF funds in the U.S. recorded the strongest capital inflow in six weeks, with a total of 52.9 million USD flowing in on November 6, after Donald Trump's victory. 🐋📈