Ethereum Whales Dump 6777 ETH in Record Sell-Off: Insights on Major Liquidation Trends

On March 13th, COINOTAG News reported significant fluctuations within the Ethereum (ETH) market, highlighting a notable surge in active selling pressure over the past quarter. A prominent whale has liquidated a substantial 6777 ETH, amounting to approximately $12.8 million, within a 24-hour span. This strategic move resulted in an estimated loss of around $1.01 million for the seller.

The whale’s trading activity reveals that withdrawals from Binance occurred from August 2023 through September 2024, executed at an average price point of $2038. This trend showcases the volatility associated with large transactions in the cryptocurrency landscape. Shortly before the report, the whale deposited the remaining 3777 ETH back into Binance, signifying a potential finalization of their sell-off strategy.