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Since February, Ethereum whales have sold more than 5 million ETH, equivalent to approximately US$8.5 billion.

Well-known on-chain analyst Ali posted on X Platform stating that since February 2023, Ethereum whales have taken advantage of the price surge to sell or redistribute over 5 million ETH, equivalent to about $8.5 billion. The analyst noted that it is worth noting that this selling trend is still continuing, and there is currently no indication that the whales are turning to hoard ETH.

Ethereum Ethereum $3,343.69
+8.52%
Ethereum
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