The drop in Ethereum (ETH) price has scared major investors; a whale sent a total of 26,182 ETH to exchanges in the last 48 hours.
The ongoing wave of decline in the cryptocurrency market has caused significant panic among Ethereum investors. In the last 48 hours, a giant investor known as Whale 0x3c9E transferred approximately 26,182 Ethereum (ETH) worth about 93.6 million dollars to leading cryptocurrency exchanges such as Binance, Bybit, OKX, and Kraken.
This massive sale preparation by Whale 0x3c9E could trigger a panic atmosphere in the market. According to experts, such sudden moves by whales can often lead to sharp short-term price movements. How Ethereum will trend after this move is being closely monitored by investors.
The sudden buying and selling actions of large investors, referred to as whales in cryptocurrency markets, can deeply affect market psychology. Especially with large-scale cryptocurrencies like Ethereum, the movements of whales play a critical role in determining the direction of prices. Following the recent volatility, investors are being urged to be cautious about possible fluctuations in Ethereum's price.
