Strategic Moves: Ethereum Whales Sell Ethereum (ETH) and Dive Into AI-Based Crypto Market
Ethereum whales have been on the move, shaking up the AI-powered cryptocurrency market. According to Lookonchain, a prominent Ethereum whale recently sold 10,070 ETH for around $33 million, incurring a loss of $1 million. The whale had previously moved 24,029 ETH and now holds 13,959 ETH worth an estimated $45.48 million.
These sell-offs point to possible doubts about Ethereum (ETH) price stability in the short term, which could weigh on market sentiment and increase selling pressure. The trade occurred at a critical support level around $3,280, with trading volume rising and the Relative Strength Index (RSI) showing oversold conditions. Ethereum (ETH) is currently trading at $2,639, indicating a decline. While a short-term rebound is possible, continued whale activity could limit the recovery.
Ethereum whales are making a bold move, quietly buying FloppyPepe (FPPE), a rising star in the AI crypto market. This strategic play signals growing confidence in the potential of AI crypto, suggesting it could lead the next wave. With momentum building, all eyes are on FloppyPepe (FPPE) as it prepares for a potential breakout in the AI crypto market.
