Ethereum Whales Abandon Ship As Weekend Arrives in Apparent Move to Avoid Crypto Calamity.
30 Apr 2022, 08:00
Ethereum Whales Abandon Ship As Weekend Arrives in Apparent Move to Avoid Crypto Calamity
New on-chain data shows some of the world’s largest Ethereum (ETH) holders are reducing their exposure to the volatile crypto markets as the weekend arrives.
According to WhaleStats, the top 100 Ethereum wallets are witnessing significant outflows of ETH in the last 24-hours.
At time of publishing, those wallets have collectively sold $783,734 in ETH in the last day as the whales pile into dollar-pegged stablecoins in an apparent effort to avoid a potential move to the downside in the days ahead.