$ETH Another wave of selling pressure just slammed the crypto market as a major ETH whale dumped 20,000 ETH worth nearly $41.18 million within only 3 hours. The wallet known as 0xB4d3 reportedly sold at an average price around $2,059, raising fresh concerns among traders about short-term market direction.
ETH
2,096.22
-1.30%
This address has already gained attention in recent months for moving large amounts of ETH and WBTC, and today’s massive sell-off is adding even more fear across the market. Despite unloading such a huge amount, the whale still holds significant on-chain assets, meaning traders will now closely monitor the wallet for potential future sales.
Large whale movements like this often create panic and volatility, especially when the market is already uncertain. The next few days could be crucial for ETH price action as investors wait to see whether this was just profit-taking or the beginning of a larger distribution phase.