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The Ethereum Whale and Its Impact on the Market: Explained for Beginners
On October 4, it was reported that an Ethereum “whale” has been selling large amounts of the cryptocurrency since late September. In simple terms, a “whale” is a person or entity that owns a large amount of cryptocurrency. In this case, this whale has sold 40,000 ETH (Ethereum) since September 22, which is equivalent to about $101 million. And he still has a considerable amount left: 99,500 ETH, valued at $238 million.
What does this mean to you?
What does this mean to you?
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