According to Lookonchain monitoring, a suspected whale belonging to Arthapala has recently started a large-scale sell-off of ETH. Three related wallets have withdrawn a total of 155,837 ETH after unstaking, which is worth approximately 408 million dollars at the current price. Since June 10, these ETH have been gradually transferred to exchanges.

Currently, 120,918 ETH (approximately 317 million dollars) have been explicitly sent to trading platforms, while another 34,919 ETH (about 91.6 million dollars) have not yet been moved.

This wave of activity has raised concerns in the market. After all, such a large amount of selling pressure, even if only partially sold, could exert pressure on the short-term price of ETH. Although it cannot be confirmed whether all will be sold, the movements of large holders undoubtedly need to be closely monitored in the context of the current market volatility.#TruthSocial加密蓝筹ETF