Major ETH Whales Sell 178,080 ETH Worth $528M Amid Mixed Buying Trends

On July 17, blockchain analytics platform Lookonchain reported significant movements among Ethereum (ETH) whales, highlighting a notable sell-off of 178,080 ETH valued at approximately $528 million. Despite a broader trend of accumulation by large holders, two prominent whales executed substantial sales in recent days. The first entity, Trend Research, initially acquired 184,115 ETH worth $390 million between late February and June, later liquidating 79,470 ETH for $250 million at an average price of $3,145. This leaves them with a remaining balance of 105,664 ETH valued at $354 million. Meanwhile, a second whale, who previously realized profits exceeding $30 million, purchased 132,536 ETH for $333.79 million in mid-June and sold 98,610 ETH for $278 million over the past week at an average price of $2,819. This address currently holds 35,022 ETH worth $117.5 million. These transactions underscore ongoing portfolio adjustments by major ETH holders amid fluctuating market conditions.