Ethereum Whales Kick Off Crypto Crash With 4,000 ETH Dump
An Ethereum whale dumping as much as 4,000 ETH on Binance this morning might have been responsible for kickstarting the crypto market downturn. How deep could the correction in Ethereum get, after such a substantial rally all throughout 2020? DeFi Trend Fallout Takes The Legs Out From Under Ethereum Bull Run Late US President John […]
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Ethereum crumbled with the market during the last crash and is yet to recover to previous levels. The crash was characterized by sell-offs and liquidations from all angles, which continued even when the price dumped further. Fear of a bear market sparked this as investors wanted to get out before the price fell further. But not everyone followed this trend of dumping. Whales have always been known to move differently from smaller investors when it comes to the crypto market and this time was no different. While investors panic sold their holdings at low prices, these whales quietly gobbled....
The Ethereum whales have been bullish on FTX Token for a while. The token had even successfully taken over as the largest holding by dollar value for the top Ethereum whales. However, this would quickly change during the market crash as other better performing tokens had taken over. This would prove to be only short-lived […]
Following the crypto market crash last week, Ethereum whales look to be gearing up for a recovery as they accumulate ETH. This accumulation trend is very telling of what these large investors expect the market to do next, which could serve as an indication of what’s to come. Ethereum Whales Buy Over 56,000 ETH On Thursday, the on-chain data tracker Lookonchain took to X (formerly Twitter) to reveal the activities of Ethereum whales over the last week. The post shed light on the sentiment among these large holders and showed their expectations for the digital asset. Related Reading: Which....
Ethereum, dubbed as the “king of all altcoins” and the second largest cryptocurrency in terms of market capitalization, managed to trim its recent losses as it continues to struggle in this extended crypto winter. According to tracking from Coingecko, Ethereum is changing hands at $1,332.18, going up by 2.1% over the last 24 hours and tallying an increase of 3.2% over the past week. But the digital asset is still performing badly considering it is nowhere near its all-time high of $4,878 attained on November 10, 2021. By this date last year, the altcoin opened its day with a trading price....
Ethereum whales are no doubt some of the biggest fans of meme coin Shiba Inu but it seems even the whales are starting to feel the heat of the downtrend. This has resulted in the top whales significantly decreasing their holding in the digital asset. Now, these whales still hold a reasonable portion of […]