Ethereum whale sells $408M in ETH

• A mystery whale sold all 167,855 ETH worth about $408 million.
• The whale moved its ETH to several exchanges between 30 August and 4 September.
• ETH stayed above the whale’s estimated $2,430 average sale price.

Ethereum (CRYPTO:ETH) faced a major whale sale after 167,855 ETH worth about $408 million hit exchanges.

Lookonchain reported that the whale moved all 167,855 ETH to several exchanges between 30 August and 4 September.

ETH traded near $2,453 on 4 September, staying above the whale’s estimated $2,430 average sale price.

The whale had earlier moved 70,739 ETH worth about $174 million to exchanges before transferring the rest.

US spot Ether ETFs saw $141 million in net inflows on 3 September, according to the report.

BlackRock’s ETHA led those inflows with $72 million, adding buying pressure while the whale sold.

Another group of large wallets also sold about $63 million worth of ETH on 21 August, when ETH traded near $2,350.

At the time of reporting, Ethereum price was $2,453.27.