Ethereum Whales in Panic: Major Investor Sells 93.6 Million Dollars!
The decline in Ethereum (ETH) price has frightened major investors; one 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, especially among Ethereum investors. In the last 48 hours, a major investor known as Whale 0x3c9E transferred approximately 26,182 Ethereum (ETH) worth about 93.6 million dollars to leading crypto exchanges such as Binance, Bybit, OKX, and Kraken.
This massive selling move by Whale 0x3c9E could trigger a panic atmosphere in the market. According to experts, such sudden moves by whales often lead to sharp short-term price movements. How Ethereum will trend after this move is closely monitored by investors.
Sudden buying and selling transactions by large investors, referred to as whales in the crypto markets, can deeply affect market psychology. Particularly in large-scale cryptocurrencies like Ethereum, the movements of whales play a critical role in determining price direction. Following the recent volatility, investors are being cautioned to be careful about potential fluctuations in Ethereum's price.
