Ethereum

2024

Coin

<ul class="news-points"> 
 <li><strong>A massive $1.1 billion Ethereum dump was made by a wallet collecting ETH since November 2018.</strong></li> 
 <li><strong>Ethereum’s current market behavior is seen as a precursor to a bullish altcoin season.</strong></li> 
 <li><strong>Market sentiment remains optimistic with predictions of a $10k ETH in the current bull run.</strong></li> 
</ul> 
<p>An Ethereum whale transaction has captured the attention of the crypto community. A wallet, which had been accumulating Ethereum since November 11, 2018, executed a massive $1.1 billion sale, split into two transactions of 150,000 ETH each. The identity behind these transactions remains unknown, but the sheer size of the trade has sparked widespread discussion and analysis.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Whale <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f433.png" alt="🐳" class="wp-smiley" style="height: 1em; max-height: 1em;"> trades continued: The massive $1.1b Ethereum dump in two sales of 150000 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a> each was from a wallet that has collected Ethereum since Nov 11 2018 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>0xB9FA6E54025B4F0829D8e1b42E8B846914659632 <a href="https://t.co/OkRvTfvySI" target="_blank" rel="nofollow">pic.twitter.com/OkRvTfvySI</a></p>— MartyParty (@martypartymusic) <a href="https://twitter.com/martypartymusic/status/1800369860259819739?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">June 11, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Despite this large-scale sell-off, market sentiment towards <a href="https://coinedition.com/crypto-markets-witness-downturn-ethereum-and-altcoins-experience-declines/">Ethereum and altcoins</a> remains notably optimistic. Prominent voices in the crypto community, such as ParabolicPump, argue that Ethereum’s price movements are indicative of broader market trends.…</p>
<p>The post <a href="https://coinedition.com/analysts-remain-optimistic-despite-large-ethereum-sell-off/">Analysts Remain Optimistic Despite Large Ethereum Sell-Off</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Analysts Remain Optimistic Despite Large Ethereum Sell-Off

Coin Edition

Other articles published on Jun 11, 2024

Solana Falls More Than 5% In 24 hours

New Solana Memecoin Dog Wif M16 (DOGM16) to Explode 18,000% Within 48 Hours

Ledgible Launches Tax Reporting for Tokenized Real-World Assets

4.3 Trillion Dormant SHIB Go to Coinbase as Key Shiba Inu Metric Soars 2,814%

Andrew Tate's $1M Solana Meme Coin Investment Causes Stir Amidst Facing Criminal Charges

Free Andrew Tate (3TATE) to Explode 17,000% Before KuCoin Listing, as Shiba Inu, Bonk and Dogecoi...

Join our free newsletter for daily crypto updates!