Ethereum Whale Exits Position: Analyzing the Market Implications

A significant Ethereum whale has liquidated its entire holding of 10,000 ETH after holding onto it for over two years, including during a bull market. This move, revealed by on-chain analytics platform Lookonchain, has sparked discussions about the potential implications for Ethereum’s market trajectory. The whale initially purchased the ETH for $12.95 million at an average price of $1,295 between October 4 and November 14, 2022, and recently sold it for $15.71 million. This capitulation could signal a strategic shift in the market, prompting investors to reconsider their positions in the leading altcoin.

Major Ethereum Whale Dumps 10,000 ETH After 2 Years

An Ethereum whale has sold all of its 10,000 ETH holdings after holding them for over two years, including during a bull market. On-chain analytics platform Lookonchain revealed that the whale originally bought the ETH for $12.95 million at an average price of $1,295 between October 4 and November 14, 2022, and sold them for $15.71 million recently. This capitulation suggests it might be a good time to offload the leading altcoin, with a further crash in the coming weeks a possibility.

WLFI Offloads Ethereum Amid Falling Price

World Liberty Financial (WLFI), the DeFi venture tied to US President Donald Trump, has sold 5,471 ETH for approximately $8 million. The sale marks a major loss for the firm, which had previously spent around $210 million to acquire 67,498 ETH. At the current price, WLFI is facing an unrealized loss of roughly $125 million. The sale could be a response to ETH’s recent price drop below the $1,500 mark. WLFI’s portfolio is heavily weighted in Ethereum, which makes up 65% of its holdings.

Ethereum May Drop to $1,200, Analysts Warn

Ethereum (ETH) has fallen 30% in the past two weeks due to global economic pressures, with the cryptocurrency market broadly affected by escalating tariff wars. Analyst Ali Martinez warns that ETH could fall further, potentially testing the $1,200 support level. ETH has dropped another 8.3% in the past 24 hours and is currently trading in the mid-$1,000 range.

SEC Approves Options Trading on Spot Ethereum ETFs

The SEC has approved options trading on spot Ethereum ETFs, according to a new filing from the commission. Options on the Trust will be physically settled with American-style exercise and will be subject to the Exchange’s initial and continued listing standards. The Exchange’s initial listing standards require, among other things, that the security underlying a listed option be characterized by a substantial number of outstanding shares that are widely held and actively traded.