🚨🚨🚨 Ethereum ICO Whale Dumps 3K ETH for $7.64M Amid Crashing Prices 🚨🚨🚨

The crypto market continues to face turbulence as Ethereum (ETH) experiences heightened volatility. A significant sale by an Ethereum ICO whale is drawing attention, raising concerns about ETH's price stability. Here's what you need to know:

🔻 ETH Market Overview:

Current price: $2,531 (1.76% decline today)

Weekly drop: 3.18%

24-hour trading volume: $20.24 billion

ETH remains a focus for major investors despite the drop.

🐋 Whale Activity:

An early Ethereum investor offloaded 3,000 ETH today, worth $7.64 million.

This whale previously sold 7,000 ETH in July for $24.28 million, causing a 15% price drop.

This ICO participant received 254,908 ETH for just $79,000 in 2015, with the current value reaching $646 million.

Wallet balance: 37,070 ETH (approx. $93.8 million).

💼 ICO Whale Sales Throughout October:

October 8: A different whale transferred 5,000 ETH to Kraken, valued at $12.22 million.

Over the past weeks, this whale has sold 60,000 ETH, worth $149.68 million.

Another major sale occurred in June 2024, with 10,000 ETH sold at $3,539 per token.

🔑 Sales After Dormancy:

A second whale, dormant for two years, resumed activity on October 1, selling:

4,000 ETH at $2,655

5,000 ETH later the same day for $12.7 million

By October 3, sold a total of 19,000 ETH for $47.54 million.

Recent sales include 6,000 ETH at $14.7 million and 4,000 ETH as ETH dropped to $2,380.

⛔ Caution: These whale sales may add downward pressure on Ethereum’s price. Investors should stay informed and watch for further market developments.

🔎 Disclaimer: This content is for informational purposes only and should not be considered financial advice.

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