ETH Whale Sells 1,521 ETH in a Single Transaction- Onchain Lens
2025-01-23
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In the past few days, a major shift in the sentiments of investors of big cryptocurrencies has been seen, and dozens of investors have either sold their holdings or have swapped in other available cryptocurrencies. 
According to data from, CoinMarketCap, the trading prices of Ethereum have mirrored a decline of 1.61 percent in the past 24 hours, and at the same time, its market capitalization saw a loss of 1.70 percent, and trading volume reached $22.33 billion with a decline of 12.43 percent. Source: CoinMarketCap 
On-chain experts argue that the sudden decline in prices, market cap, and trading volume has been primarily fueled by the changing sentiment of whales for Ether as it continues to struggle below the mark of $4k. 
Onchain Lens notes in an X post that a crypto whale has reportedly created a new wallet to sell 1,521 Ether for $4.95 million DAI in a single transaction, the trader has reportedly sold 1,521 Ethereum for $3,254. 
Furthermore, the firm notes that, the newly created wallet was also used to trade 2,153 ETH for $7.05 million DAI at an average price of $3,277. 
Three significant Ethereum holders have sold off 10,895 ETH, or $36.47 million, in the last three hours, according to Lookonchain. Notably, the wallet jitust.eth lost $1.6 million when it transferred 4,669 ETH to Binance, which is worth $15.65 million. 
Additionally, another wallet sold 2,010 ETH for $3,352 (a total of $6.74 million) and 4,216 ETH for $3,341 each, for a total of $14.08 million. © Todayq News