Ethereum Whale Sells Over 50,000 ETH Amid Market Volatility Concerns

According to PANews, a significant Ethereum holder, often referred to as a 'whale,' has recently sold a substantial amount of ETH due to concerns over market volatility. The whale initially sold 15,000 ETH yesterday and subsequently liquidated their remaining 35,754 ETH holdings at a price of $1,793 each within the past two hours, converting them into 64.128 million USDT. Including the 15,000 ETH sold earlier, the whale has offloaded a total of 50,754 ETH over the last 17 hours, amounting to 89.034 million USDT at an average selling price of $1,754.