Ethereum OG Sells Massive Amount of ETH: Market Crash or Strategic Decision?

A prominent Ethereum (ETH) whale has recently sold a substantial portion of their holdings, reportedly worth over $17 million at the current price point. This sale comes from an address that acquired its initial ETH in 2016 when the coin was trading at just $8. Notably, this whale chose to liquidate during a time marked by significant market correction and bearish sentiment. This raises questions about their motivations. The sell-off follows a recent downturn for Ethereum, which has seen its price plummet since its peak in late 2021.