Corporate Ethereum (ETH) Whales Are On The Move Again! Is New Selling Pressure Coming? Here's What They've Done!
Institutions continue to sell Ethereum.
Golem Network, which received 820,000 ETH from the Ethereum ICO, has started selling again.
Golem Network, a DeFi platform, has moved more than 4,000 ETH to cryptocurrency exchanges Binance and Coinbase, according to Arkham data.
As you may recall, over the past two months, the Golem Network address has sold over $100 million worth of ETH, creating selling pressure on the price.
According to Arkham data, Golem still has another 22,834 ETH in his possession, worth approximately $60 million.
Institutions Are Selling Ethereum (ETH)!
Institutional investors continue to sell Ethereum outside of Golem Network. Cumberland DRW also invested $20.8 million worth of ETH in Coinbase, according to data from blockchain analytics firm Scopescan.
Cryptocurrency trading firm Cumberland DRW recently deposited 8,000 ETH (worth $20.8 million) to the Coinbase Exchange via four addresses.
Cumberland DRW currently holds 5,500 ETH worth approximately 14.5 million.
Ethereum, which has gained 1.1% in the last 24 hours, continues to be traded at $2,630 at the time of writing.
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Web3 ai Could Lead 2025’s Best Cryptos With 1,747% ROI, Outshining Toncoin & Chainlink’s Performance
Toncoin (TON) and Chainlink (LINK) show strong market positions, but Web3 ai’s AI-driven platform and sub-$0.001 price point may offer greater potential for exponential growth.Toncoin (TON): Leveraging Telegram’s Ecosystem for GrowthChainlink (LINK): Technical Indicators Point to Potential BreakoutWeb3 ai: Affordable Entry with AI-Driven Security ToolsClosing Thought
Ethereum Set to Soar Past $4,000 Again
Ethereum eyes a comeback above $4,000 with a projected 55% surge amid rising market optimism.What’s Driving the Ethereum Rally?Could Ethereum Break Past Its All-Time High?
Lark Davis: Best Time to Make Money in Crypto
Crypto analyst Lark Davis says this is the best time to make money in crypto. Here’s why you should pay attention now.Why This Window Matters So MuchHow to Lock In for Maximum Gains
Top Rated Cryptos to Buy in 2025: BlockDAG, Tron, Polygon, and Polkadot Line Up Ahead of Q3 Shift
Explore the top rated cryptos to buy in 2025, featuring BlockDAG’s limited-time 'Double Your BDAG' offer, and why Tron, Polygon, and Polkadot are gaining strong attention this year1. BlockDAG (BDAG)2. Tron (TRX)3. Polygon (MATIC)4. Polkadot (DOT)Closing View on Key 2025 Contenders
Trending news
MoreCrypto prices
More
