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Ethereum Whale Resurfaces, Initiates Major Sell-Off

source-logo  coingape.com 16 December 2023 22:05, UTC

After a year of dormancy, a significant Ethereum whale has reemerged, creating ripples in the cryptocurrency market, with Lookonchain reporting this unexpected move. The whale, silent for over twelve months, initiated a substantial selling spree, offloading 18,865 ETH for a staggering 42 million DAI through four newly created wallets. This activity translates to an average selling price of $2,229 per ETH.

coingape.com