
Whale Sell-Off Sends Shockwaves Through Ethereum Market: 47,756 ETH Deposited to CEXs in 24 Hours
A massive deposit of 47,756 Ethereum (ETH) has sent shockwaves throughout the cryptocurrency market, sparking concerns about a potential sell-off that could weigh on the price of ETH. The sudden and unexpected movement has caught traders and investors off guard, leaving many wondering what implications this might have for the overall market sentiment.
It’s no secret that whales, or large holders of Ethereum, have been known to manipulate the market by moving significant amounts of cryptocurrency into centralized exchanges (CEXs). In a recent development, it appears that one such whale has made a massive deposit of ETH to CEXs within just 24 hours.