CandleFocus Massive $66 Million Ethereum Dump in 24 Hours, What Happened?
2024-10-04
Author: Content Editor
The struggles for Ethereum (ETH) continue as whales continue to sell off large amounts of ETH, adding more obstacles to a potential price rally. Two major transfers were detected today, with a total of 27,891 ETH coins worth around $66 million being sent to leading U.S. crypto exchange Coinbase. These sales have put more pressure on the already struggling Ethereum price, which is currently trading at $2,381. The ETH price has been down 10.43% in the last seven days, leading to a decrease in trading volume and indicating bearish investor sentiment.
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