Ethereum (ETH) has seen a decline of 2.2% over the past 24 hours, falling below the $2,200 mark to trade at $2,146. This drop comes as macroeconomic pressures weigh on the cryptocurrency market, erasing recent gains. On-chain data indicates a split among large Ethereum holders, with some buying and others selling. A notable whale purchased 17,084 ETH for 36.75 million USDT, adding to a previous acquisition of 50,706 ETH. This wallet, potentially linked to ShapeShift founder Erik Voorhees, has been active in accumulating ETH. Meanwhile, other large holders have moved ETH off exchanges, with significant withdrawals from Binance and Kraken. Conversely, some large holders are selling. An early Ethereum builder sold 5,571 ETH at a loss, while the "UXLINK Exploiter" sold 5,496 ETH for a profit. These contrasting actions highlight the uncertainty among Ethereum whales amid current market conditions.
Ethereum Whales Diverge as ETH Drops Over 2% Amid Market Pressure
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