Crypto
Ethereum Whale Unloads $174M on Exchanges, Market Sentiment Shifts
An anonymous Ethereum whale has moved $174 million worth of Ether (ETH) to multiple exchanges over the past two days, raising concerns about potential sell-off pressure.
According to blockchain tracking platform Lookonchain, the whale transferred 70,739 ETH, valued at approximately $174 million based on current market prices. This large-scale movement can influence market sentiment as traders watch for signs of increased supply that could pressure prices.
The whale still holds around 97,115 ETH, worth roughly $237 million, and the deposits were spread across several major exchanges. Large whale transactions are closely followed in the crypto community because they can precede significant market moves.