Ethereum Whale Sells 632 ETH Worth $1.04 Million Amid Ongoing Liquidation Trend

In a significant market movement, the prominent 2015 ICO 100,000 ETH OG Whale has executed another sale, disposing of 632 ETH approximately five hours ago, valued at around $1.04 million. Over recent weeks, this whale has exhibited a consistent selling strategy, liquidating assets every two days. Since the beginning of April, this entity has offloaded a cumulative total of 4,812 ETH, amounting to nearly $8.09 million. Notably, the whale’s cost basis remains remarkably low at just $0.31 per ETH, highlighting its strategic positioning in the market. As of now, the whale retains a substantial holding of 30,189 ETH, suggesting a disciplined approach toward managing its crypto assets amidst the ongoing fluctuations within the cryptocurrency landscape.