Ethereum Whale Liquidates $17 Million Amidst Market Dip

A dormant Ethereum whale has triggered market attention by offloading nearly $17 million in ETH during a recent market correction. Despite holding assets for over two years, this major transaction took place at approximately $1,600 per ETH, marking a departure from previous price levels like $4,000. 2023 saw the whale remain passive despite Ethereum’s historical price surges. The move suggests a preference for selling during market downturns and contrasts with the behavior of other long-term holders who sell during bull markets.