Major Ethereum Whales Sell Off Amid Buying Trend

According to BlockBeats, recent monitoring by Lookonchain reveals that despite a trend of many whales purchasing Ethereum (ETH), two significant whales have sold a total of 178,080 ETH, valued at approximately $528 million. Trend Research acquired 184,115 ETH at an average price of $2,118 per unit between February 26 and June 20, totaling $390 million. Over the past two days, they sold 79,470 ETH at an average price of $3,145, amounting to $250 million. They continue to hold 105,664 ETH, valued at $354 million. Another whale, who previously profited over $30 million from ETH, purchased 132,536 ETH at an average price of $2,518 between June 11 and June 22, totaling $333.79 million. In the last eight days, this whale sold 98,610 ETH at an average price of $2,819, totaling $278 million. The address still retains 35,022 ETH, valued at $117.5 million.