Ethereum Developer's Sizable ETH Trades Raise Eyebrows

A recent review of on-chain data revealed that an Ethereum developer, thomasg.eth, has made notable trades involving the cryptocurrency. The transaction records indicate that on March 3, he sold 12,131 ETH for $24.24 million, with the average sale price being $1,998.

Following this sale, over the course of a week, thomasg.eth acquired 10,209 ETH at an average price of $2,211, amounting to approximately $22.58 million.