$ETH On-chain data shows the Ethereum whales have sold the asset recently, while key holders on the Bitcoin network have accumulated instead.

Ethereum Whales Have Sold Into The Latest Rally

As explained by analyst Ali Martinez in a new post on X, the Ethereum whales have participated in selling recently. The “whales” here refer to the ETH entities holding between 1,000 and 10,000 ETH.

At the current exchange rate, this range converts to $1.8 million to $18 million. While these bounds don’t cover the largest of holders in the sector, they do still contain some of the key investors.