Ethereum Slides as Whale-Linked Wallets Dump $20M in ETH

Two wallets labeled “0x07b3” and “0xB5b3,” believed to be controlled by the same whale, have collectively sold 11,888 ETH, generating about $20.28 million at an average price of $1,706.

Following the transaction, Ethereum has continued to weaken, trading near $1,691.65 at the time of reporting and recording a 3% decline over the past 24 hours.

Source: Onchain Lens