Scale of ETH Sell-off Amid Cryptocurrency Market Decline

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Sharp Decline in Cryptocurrency Prices
  2. ETH Sale by Metalpha
  3. Large Purchase by a Smart Whale


    4. Over the past weekend, the cryptocurrency market experienced a significant decline. Bitcoin fell to $52,500, while Ethereum dropped to $2,150.

    Sharp Decline in Cryptocurrency Prices

    Bitcoin and altcoins experienced a major drop over the weekend. The price of Bitcoin fell to $52,500, and Ethereum dropped to $2,150. This caused panic in the market, and many investors started selling their assets wildly.

    ETH Sale by Metalpha

    Metalpha, one of the leading cryptocurrency investment companies, also made a massive ETH sale. According to Lookonchain, Metalpha moved $23 million worth of ETH to Binance. An address associated with Hong Kong-based asset manager Metalpha deposited 10,000 ETH to Binance. In total, this address transferred 23,589 ETH worth $54.1 million to Binance over the last three days.

    Large Purchase by a Smart Whale

    While Metalpha continues to sell ETH, a smart whale bought 5,000 ETH worth $11.46 million in the last two days. This whale had previously bought 5,200 ETH at an average price of $1,322 in November 2022, and later sold it at an average price of $2,093 in January, December 2023, and January 2024, earning more than $4 million.

    A smart whale bought 5,000 ETH ($11.46M) at the bottom again in the past 2 days!Lookonchain

    Ethereum is trading at $2,311 at the time of writing. The cryptocurrency market remains volatile, and major players continue to have a significant impact on its movement.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Stablecoin Holdings Surge in Western Europe

Stablecoin holdings in personal wallets across Western Europe surged by 131% between July 2025 and June 2026, significantly outpacing the global growth rate.

user avatarLi Weicheng

AI Agent Successfully Bypasses CAPTCHA Tests, Exposing Weaknesses

AI agent named Gary successfully bypassed CAPTCHA tests on over 50 Discord servers, revealing vulnerabilities in traditional verification methods.

user avatarAisha Farooq

Solo's Human Verification SDK Now Powers JellyJelly

Solo's human verification SDK is now integrated into JellyJelly, ensuring each account belongs to a real person without the need for government IDs.

user avatarTenzin Dorje

Payward Reports Recovery Signs Amid Annual Revenue Decline

Payward reports signs of recovery in Q3 despite annual revenue decline, with a 12% increase in platform margin attributed to improved trading activity and expanded client services.

user avatarElias Mukuru

Payward's Financial Services Expansion Mitigates Trading Revenue Losses

Payward has expanded its financial services operations to mitigate losses from declining trading revenue, now accounting for 52% of its total platform margin.

user avatarMohamed Farouk

Payward Experiences Revenue Decline Due to Weaker Crypto Trading

Payward, the parent company of Kraken, reported a 12% decline in total platform margin for Q3 2026, attributed to weaker market activity affecting transaction fees.

user avatarBayarjavkhlan Ganbaatar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.