CandleFocus $150 Million in Ethereum Disappear - Do Whales Know Something?
2024-09-10
Author: Content Editor
Ethereum (ETH) has experienced a slight recovery in price, but whales, or large long-term holders, are putting selling pressure on the cryptocurrency. Crypto tracking service Whale Alert has revealed three transactions where whales sold large amounts of ETH, collectively totaling 64,587 ETH worth an estimated $151 million. This massive sell-off may hinder the recent price rebound and potentially lead to another correction. However, the current price of Ethereum is trading at $2,350.80, which represents a 1.66% increase in the last 24 hours and provides relief to traders. The 24-hour trading volume for Ethereum has also seen a surge of 13.15% to $14.66 billion, indicating a more sustained price rebound. The sell-off by whales, while disruptive in the short term, may not have lasting implications.
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