Ethereum Whale Dumps 76,000 ETH as BlackRock Makes Power Play—Just Another Day in Casino Finance
Whale alert: A crypto heavyweight just offloaded $200M+ in Ethereum—timed suspiciously close to BlackRock’s latest blockchain maneuver. Was this a strategic exit or panic selling? The market’s itching to know.
BlackRock’s move? A ’bold’ institutional pivot into tokenized assets—because nothing screams innovation like Wall Street repackaging old ideas with blockchain glitter.
Meanwhile, ETH price wobbles as traders brace for ripple effects. Pro tip: When whales and megacorps collide, retail investors often end as roadkill.
The Whale’s transactions | Source: X
On the same day, BlackRock, the world’s largest asset manager, reportedly added 10,955 ETH, valued at roughly $20.1 million, to it’s Ether ETF. This adds to the firm’s earlier Ethereum investment of $54 million. The firm also recently invested about $674.91 million in Bitcoin-related ETFs.
Despite all this, Ethereum price still barely reacted. ETH is still trading at around $1,827, according to CoinMarketCap. Ethereum had tried to climb past $1,872 but dropped back. It then slipped to $1,813, which now looks like short-term support.
If ETH price stays above that level, it could head toward the $1,925 mark. However, if it drops below $1,813, the next focus is the April 30 low of $1,732. So far, the $1,813 support is holding, and no major breakout has happened yet.
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