
Ethereum whale sells $408M in ETH
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Ethereum (CRYPTO:ETH) faced a major whale sale after 167,855 ETH worth about $408 million hit exchanges.
A whale investor has purchased 50,706 Ethereum worth $111.62 million using USDT, marking a major re-entry into the market after selling holdings a year earlier.
Ethereum is struggling to recover as large holders sold roughly 380,000 ETH worth about $800 million over the past seven days, adding pressure to a market already trapped in a prolonged consolidation phase.