A dormant Ethereum whale stunned the crypto market by transferring 7,240 ETH to a major exchange after holding the tokens for a year and a half. The whale’s strategic move comes as Ethereum’s price has experienced an 11.77% weekly decline, trading at $3,037 after dropping to $2,822. This significant transaction, along with another large deposit, contributed to a total of 13,680 ETH sold, valued at approximately $41 million. The market activity suggests a selling period as large holders reposition their assets amid volatile price movements.
