💥Altcoin Whale Sell-Off Sparks Market Uncertainty💥
Over the past weekend, major whales unloaded millions of dollars worth of altcoins, with Ethereum leading the sell-off. An ICO-era whale has sold nearly 10,000 ETH since late May, signaling a slow, steady profit-taking strategy. Other significant moves include large transfers of ETH to exchanges, withdrawals from staking, and substantial sales of tokens like PEPE, $HYPER , $LINK , and $SOL . While some whales are diversifying by buying other projects, the overall trend points to cautious profit-taking amid market volatility. Analysts remain optimistic on Ethereum’s long-term outlook, anticipating a price rise despite short-term pressures. Investors should watch on-chain activity closely, as continued whale sell-offs could lead to short-term declines but also potential buying opportunities.
