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Ethereum Price Volatility Rises as ICO Whale Unloads Holdings


by CoinEdition

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Ethereum Price Volatility Rises as ICO Whale Unloads Holdings
  • Large ICO participant’s ETH sell-off increases volatility in the Ethereum market.  
  • Ethereum sell-offs cause downward pressure, leading to price fluctuations.  
  • Bearish momentum persists, with MACD negative and RSI below the neutral level.

An Ethereum ICO participant has been selling large amounts of Ethereum (ETH), causing a stir in the crypto market. Over the past two days, the participant has yet again sold 19,000 ETH, worth roughly $47.54 million.

This follows a similar event in September, when the same participant transferred over 12,000 ETH, worth $31.6 million, to the Kraken exchange. These moves have caused market shifts and increased volatility in Ethereum’s price.

The Ethereum wallet, which received 150,000 ETH during Ethereum’s Genesis event, had been inactive for over two years before these transactions. The total value of ETH in this Genesis wallet was $46.5K, and it has grown to…

The post Ethereum Price Volatility Rises as ICO Whale Unloads Holdings appeared first on Coin Edition.

Read the article at CoinEdition

In This News

Coins

$ 3.03K

+4.36%

$ 0.0162

+2.50%

$ 0.00...361

$ 0.00...308


Share:

In This News

Coins

$ 3.03K

+4.36%

$ 0.0162

+2.50%

$ 0.00...361

$ 0.00...308


Share:

Read More

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Ethereum Price Volatility Rises as ICO Whale Unloads Holdings


by CoinEdition

Share:

Ethereum Price Volatility Rises as ICO Whale Unloads Holdings
  • Large ICO participant’s ETH sell-off increases volatility in the Ethereum market.  
  • Ethereum sell-offs cause downward pressure, leading to price fluctuations.  
  • Bearish momentum persists, with MACD negative and RSI below the neutral level.

An Ethereum ICO participant has been selling large amounts of Ethereum (ETH), causing a stir in the crypto market. Over the past two days, the participant has yet again sold 19,000 ETH, worth roughly $47.54 million.

This follows a similar event in September, when the same participant transferred over 12,000 ETH, worth $31.6 million, to the Kraken exchange. These moves have caused market shifts and increased volatility in Ethereum’s price.

The Ethereum wallet, which received 150,000 ETH during Ethereum’s Genesis event, had been inactive for over two years before these transactions. The total value of ETH in this Genesis wallet was $46.5K, and it has grown to…

The post Ethereum Price Volatility Rises as ICO Whale Unloads Holdings appeared first on Coin Edition.

Read the article at CoinEdition

In This News

Coins

$ 3.03K

+4.36%

$ 0.0162

+2.50%

$ 0.00...361

$ 0.00...308


Share:

In This News

Coins

$ 3.03K

+4.36%

$ 0.0162

+2.50%

$ 0.00...361

$ 0.00...308


Share:

Read More

[LIVE] Crypto News Today: Latest Updates for Nov. 27, 2025 – Crypto Markets Rally as BTC Breaks $91K; ETH Reclaims $3K Amid Broad Recovery

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Follow up to the hour updates on what is happening in crypto today, November 27. Mark...
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