Ethereum whale activity has decreased with large transactions by 63.8 % since late February

Ethereum faces a difficult period, as its price decreased by approximately 10 % during the past week. The cryptocurrency briefly exceeded the brand of $ 1900, but it was unable to keep momentum and fight to stay above it now.

The low prices follow this broader trend of market fluctuations, which raised concerns about the price track. This decrease in the price may be linked to the address of investing investors, as data on the series indicates a noticeable decrease in large ETHEREUM transactions.

Ethereum whales decline

According to the most recent Ali Martinez analyst Ali Martinez ResultsThere has been a significant decrease in large ETHEREUM transactions since February 25, with an amount of 63.8 %. This decrease was an indication of a noticeable decrease in the activity of whales on the network, indicating that large -scale investors may withdraw or re -allocate their holdings. It is interesting, whales Sold 760,000 ETH in the past two weeks alone.

This contraction coincides with the activity of whale with the long -term ETHEREUM holder’s behavior that recently liquidated its remaining assets.

Lookonchain to update It revealed that ETHEREUM OG sold the remaining 2,001 ETH, which is worth about $ 3.82 million, on April 2. The investor originally bought 5,001 ETH for $ 1.38 million at $ 277 for the coin in 2017 and was kept through ETHEREUM’s Bull Run, even when prices rise to 4,878 dollars.

During the past month, they started selling and achieving a total profit of $ 8.66 million in this process. At its peak, the investor’s unreasonable gains amounted to $ 23 million.

All eyes are on the launch of Mainnet Pectra

Despite the successful completion of the ETHEREUM PECTRA’s upgrade on Hoodi Testnet, the network has struggled to keep a useful gathering. Now, all eyes are on the high upgrade on Mainnet, which combine improvements from Prague and Electra’s suggestions. It is scheduled to walk live on Ethereum Mainnet on April 30, with a temporary activation of the aperture 11,599,872.

There is still optimism that the launch of Mainnet can generate the interest of the renewed investor and potentially lead to a more important price movement. The upgrade timeline is still subject to final approval, with the expectation of the next implementation meeting (ACDE).