Ethereum Price Dips As 400,000 ETH Moved From Crypto Exchanges

Ethereum Price Dips As 400,000 ETH Moved From Crypto Exchanges


Ethereum has seen a decline over the past 24 hours. Being hit with new selling pressure, the world’s second-largest crypto asset has plummeted by over 8%. Despite its recent pressure, the whales have become more intense on ETH.

The crypto market is still red, with most crypto assets declining. The bearish trend from the collapse of the FTX crypto exchange is getting more intense. Most of the prominent crypto tokens have seen a drop in their performance.

Notably, the broader crypto market is passing through some corrections. The cumulative market cap has plummeted by almost 5% over the past day.

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Whales Accumulate As Ethereum Drops

According to data from Whale Alert, crypto whales are attracted by Ethereum’s new price drop. As a result, they are

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