An early Ethereum investor has reportedly sold a significant portion of their holdings, raising questions about potential market impact. According to Lookonchain, the address disposed of 10,702 ETH, valued at approximately $16.86 million. This particular whale received their ETH back in 2016, when the price was a mere $8. Lookonchain noted a peculiar pattern in their trading behavior: "Interestingly, they tended to sell whenever the price plummeted, but never sold when ETH was above $4,000." This selling pattern during price dips could suggest a strategy of mitigating losses or capitalizing on perceived short-term opportunities. It remains to be seen if this sale will influence Ethereum's price in the short term, or if it's merely an isolated event. ```

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