A recent sell-off of Ethereum by two major whales totaling $528 million has drawn attention from analysts and triggered shifts in market dynamics.
Growing Pressure on Ethereum Market
Two major Ethereum whales, including Trend Research, sold 178,080 ETH worth $528 million, creating significant selling pressure on the market. Trend Research had acquired ETH at an average cost of $2,118, later selling a portion at $3,145, realizing notable profits. **No public statements have been provided by the entities involved.**
Institutional Buying Stabilizes the Market
The $528 million sell-off created immediate selling pressure on the Ethereum market, but institutional purchases by entities like SharpLink Gaming helped stabilize the market dynamics. Some large holders are cashing out, while others are accumulating ETH, indicating divergent strategies among major players. **No significant reaction from regulators or other prominent industry figures has been noted.**
Short-Term Volatility and Past Sell-Offs
Similar sell-offs in the past have resulted in short-term price volatility for Ethereum, often absorbed by institutional buyers over time, maintaining long-term growth. Analysts note that these events often cause brief market disruptions, but ongoing institutional interest and ETH accumulation could support price stability moving forward.
The significant sell-off of ETH by two whales underscores market activity that attracts analyst attention, but continuing institutional purchases may mitigate the effects of this pressure.
