Ethereum Whale Sells $11.7 Million ETH As Price Dips 10%
According to cryptocurrency Analysis firm LookOnChain, an Ethereum (ETH) investor withdrew 17,135 ETH, worth more than $40 million, from staking. The investor has deposited 16,750 ETH, worth roughly $39.75 million, to Kraken. LookOnChain said the ETH whale sold 5000 tokens worth $11.7 million on Oct. 3, 2024. Also Read: Urgent: USD Collapse, Jack Mallers & Elon Musk Warn of U.S. Bankruptcy! An $ETH withdrawer sold another 5,000 $ETH($11.74M) today! This whale has withdrawn 17,135 $ETH($39.75M) from staking and deposited 16,750 $ETH ($53.66M) into #Kraken since Mar 12.https://t.co/J3BEB35Zj2 pic.twitter.com/012Kq1pKaU — Lookonchain (@lookonchain) October 3, 2024 Ethereum Dips Amid Sell-Off The whale’s recent sale coincides with ETH’s current market dip. The asset has fallen 10.1% in the weekly charts, 6.3% in the 14-day charts, and 0.4% over the previous month. Despite the correction, ETH has gained 2.2% in the last 24 hours and 45.3% since October 2023. Source: CoinGe...