Ethereum

2024

Million

April

Ethereum’s price dropped drastically at record levels by more than 2.63% within 24 hours, due to a huge sell-off by market whales. 
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 Source: <a href="https://coinmarketcap.com/currencies/ethereum/" target="_blank" rel="noopener" data-wpel-link="external">Coinmarketcap</a>
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According to the on-chain analytics firm Lookonchain, six whale traders sold a total of 44,000 Ethers (around $140 million), pumping massive sell orders that further worsened the market volatility. 
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 6 whales dumped more than 44K <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">$ETH</a>($140M) after the market dropped! 0x4353 deposited 10,431 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">$ETH</a>($32.66M) to <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">#Binance</a>.<a href="https://t.co/3hqVXQvHlu" target="_blank" data-wpel-link="external">https://t.co/3hqVXQvHlu</a> 0x4446 deposited 11,892 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">$ETH</a>($38M) to <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">#Binance</a>.<a href="https://t.co/HvLu7N4DnM" target="_blank" data-wpel-link="external">https://t.co/HvLu7N4DnM</a> 0x488b sold 3,543 stETH($11.23M) at $3,170 and 3,000… <a href="https://t.co/93ISSkJWfW" target="_blank" data-wpel-link="external">pic.twitter.com/93ISSkJWfW</a>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1784949515923194185?ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">April 29, 2024</a>
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In the midst of a broad market decline in the cryptocurrency market, Ethereum’s price fell, and it is currently trading at a price of $ 3,207.88. The dumping impacted the Ethereum network and led to a liquidation of about $25 million worth of assets in the ecosystem of the cryptocurrency. Therefore, this becomes a new indicator of the market activity fluctuations and volatility. 
Also Read: <a href="https://www.cryptotimes.io/2024/04/30/web3-gaming-startup-gfal-secures-3-2-million-in-seed-funding/" data-wpel-link="internal">Web3 Gaming Startup GFAL Secures $3.2 Million in Seed Funding</a>

Ethereum Price Drops After Whale Sell-Off

The Crypto Times

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