Are Ethereum OGs jumping ship? Here's what the data says
60-second summary
Ethereum's long-term whales are cashing out millions of dollars, with over $100 million in ETH sold in the past few weeks. This significant outflow of funds from veteran investors could put further downward pressure on the market, potentially exacerbating recent losses. The sell-off may signal a shift in investor sentiment, affecting ETH's price and overall market stability.
Long-term whales have cashed out millions of dollars from Ethereum following the recent sell-off, potentially putting ETH at risk of further losses.