|
Getting your Trinity Audio player ready...
|
- Ethereum Foundation sold $18M ETH amid strong price rally.
- Market absorbed large sales, highlighting Ethereum’s liquidity depth.
- Institutional buys and ETFs support bullish momentum toward ATH.
A wallet linked to the Ethereum Foundation has sold 4,095.18 ETH, valued at roughly $18.75 million in DAI, coinciding with Ethereum’s recent rally toward its all-time high. The move followed earlier sales totaling over 2,794 ETH ($12.78 million) in just the first two hours, signaling active portfolio management amid rising prices.
Blockchain analysts note that despite the large sell-off, the market reacted minimally, highlighting Ethereum’s growing liquidity depth and the stabilizing influence of long-term holders compared to previous cycles.
Other Major Holders Cash Out, Market Remains Resilient
Ethereum’s price resilience is further underscored by other large sellers, including the entity “7 Siblings,” which offloaded nearly 20,000 ETH for $90.4 million USDC. This group, which famously acquired 100,000 ETH during last year’s August 5 crash, still holds roughly 280,000 ETH—worth $1.3 billion at current prices.
Such transactions illustrate a trend: major holders are reallocating assets without triggering sharp price drops, suggesting stronger market confidence and institutional adoption.
Ethereum Price Hits Bullish Momentum
Ethereum’s price has surged 8.36% in the last 24 hours and 28.17% over the past week, recently breaking the $4,600 resistance level. Factors driving this momentum include massive inflows into spot Ethereum ETFs—approximately 113,000 ETH daily—and corporate treasury acquisitions.
Also Read: Ethereum-Based Meme Coin ‘Pepeto’ Nears Stage 9, Raises Over $6.09M in Presale
Companies like Ether Machine and SharpLink Gaming are increasing ETH holdings, with SharpLink aiming to expand its treasury past $2 billion. These institutional moves, coupled with retail enthusiasm, have helped Ethereum co-founder Vitalik Buterin reclaim “on-chain billionaire” status.
Ethereum Strength Shows Market Maturity
Despite substantial sell-offs by major wallets, Ethereum’s price remains strong, demonstrating both liquidity resilience and growing institutional interest. Experts predict the token could revisit its previous all-time high of $4,878 as bullish momentum continues.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
