Ethereum Whale Sells $4.31M, Shifts to DAI and WBTC – Impact on ETH Price

A significant Ethereum whale, identified as 0x55D…D4B7A, has sold a substantial amount of Ether (ETH) – $4.31 million worth – over an eight-hour period. This sale, including swapping 1,292 ETH for DAI and another 400 ETH for WBTC, has triggered market volatility surrounding the cryptocurrency. The whale’s move suggests shifting market sentiment, with many analysts highlighting potential short-term bearish pressure on ETH prices.