Whale's Massive ETH Dump Shakes Market
According to the latest data from blockchain analytics platform Lookonchain, on February 24, a well-known whale address 0xeadc executed a massive ETH sell-off within just 30 minutes. A total of 16,924 ETH was sold at an average price of $1,889, amounting to a staggering $31.97 million.
Market Reaction and Future Outlook
This large-scale dumping triggered immediate market attention. Such significant capital movement in a short span often has a noticeable impact on cryptocurrency prices. Analysts noted that while the market has become increasingly accustomed to such actions, short-term price fluctuations remain a possibility.
- Whale Address: 0xeadc
- Selling Period: Within 30 minutes
- Total Sold: 16,924 ETH
- Average Price: $1,889
- Total Value: $31.97 million