Recent reports indicate that Ethereum whales sold off 10,070 ETH for 33 million DAI, realizing a loss of 1 million USD during a price drop to 3,280 USD per ETH. Such activity raises alarms, highlighting potential dwindling confidence in the asset.
ETH’s price is currently 3,163 USD, down 2.66% in the past 24 hours. This decline, coupled with the Ethereum Foundation’s selling, might signal a broader bearish sentiment in the market, prompting investors to reevaluate their positions.