FTX and 5 More Crypto Whales Sell Ethereum (ETH) in Recent Hours!

ETH sales by major investors affected the entire crypto market.

As of today, it seems that sharp declines have occurred in the cryptocurrency industry. Apart from the sales of small investors, large crypto investors are also making large sales today, especially in the leading altcoin Ethereum (ETH).

These sales accelerated when it was recently confirmed that SEC Chairman Gensler sees Ethereum as a security.

Although some whales sold ETH at noon, Look On-Chain shared that these sales have affected the industry in recent hours:

After the declines in the crypto market, 6 whales sold 44 thousand ETH (worth $140 million).

0x4353 deposited 10,431 ETH ($32.66 million worth) on Binance

0x4446 deposited 11,892 ETH ($38 million worth) to Binance.

0x488b sold 3,543 units of stETH (valued at $11.23 million) at $3,170. Additionally, this whale sold 3,000 wstETH (worth $11.07 million) for $3,692.

0x59e9 deposited 7,943 ETH ($24.9 million worth) to Coinbase.

0xC47f deposited 5,584 ETH ($17.5 million worth) to Coinbase.

FTX/Alameda deposited 2,000 ETH ($6.28 million worth) to Binance.

These sales affect Ethereum very badly, as well as other altcoins. If the sales of large investors do not end, there may be much larger declines in altcoins.