Ethereum Whale Sells 500 ETH, Market Reacts

2 mins mins

Key Points:

The Ancient Whale transferred 10,000 ETH and sold 500 ETH, impacting the market.
Selling at $2,076 per ETH, the transaction totaled $1.04 million.
Market shift observed with a 2.5% ETH price drop post-transfer.

The Ancient Whale transferred 10,000 ETH on March 21, later selling 500 ETH on March 25.

This sale caused market fluctuations, influencing trading and investor confidence.

Ethereum’s Price Drops 2.5% After Major Whale Move

The “Ancient Whale of 2015 ICO 1 million ETH,” identified as a prominent Ethereum investor, transferred 10,000 ETH on March 21. Following this, the whale sold 500 ETH on March 25, valued at $1.04 million.

These transactions led to immediate implications. The 10,000 ETH transfer initiated a temporary 2.5% price drop in Ethereum and a notable 15% uptick in trading volume, indicating increased market activity.

Market reactions have been significant. Traders closely monitored this activity amidst the bearish crossover in MACD and a drop in the Relative Strength Index. Analysts from AInvest note, “The whale’s previous movements have historically influenced market trends, and this latest transaction is under close observation.” Ethereum community sentiment remains cautious, albeit actively engaged.

Analyzing Long-Term Impact on Ethereum Market and Regulation

Did you know? The whale’s transfer caused an immediate 2.5% ETH price dip, reminiscent of similar reactions to its past large sales.

Based on data from CoinMarketCap, Ethereum (ETH) currently trades at $2,054.93, with a market cap of $247.92 billion and 8.66% market dominance. Over the last 90 days, ETH’s price has decreased by 40.58%. Trading volume stands at $11.36 billion, reflecting a 20.54% drop. This data was last updated on March 26, 2025.