Ethereum Whale Activity Reaches New Heights Amid Market Tension

A significant Ethereum holder has sold a substantial amount of cryptocurrency, signaling increased whale activity in the market. According to on-chain data, the investor offloaded 15,002 ETH valued at approximately $31 million through Coinbase.

The wallet in question is an 'OG' address that received 172,700 ETH close to a decade ago when the price was roughly $12.83. This means that the value of the holdings at the time of purchase was more than $2 million, and the current value exceeds $350 million.