Ethereum Whales Sell Off, Price Drops Nearly 4%
Key Takeaways
Ethereum (ETH) is currently under selling pressure. Within 24 hours, so-called “whales” – large-scale investors – sold approximately 684,100 ETH. This development caused the ETH price to drop by 3.95%. Two particularly notable transactions came from long-time holders who had shown no activity for years. These sales are part of a broader trend indicating declining market sentiment among major investors.
Whales Offload Large Amounts of ETH
Over the past 24 hours, Ethereum whales have sold a total of 684,100 ETH. This represents a significant outflow of capital from the market. Notably, two old wallets that had previously been inactive for an extended period participated in the sell-off.
One wallet transferred 959.69 ETH worth USD 2.54 million to the OKX exchange. Despite this transaction, the owner still holds 50,704 ETH – approximately USD 132 million. The second whale sold 587 ETH via Kraken, valued at USD 1.56 million. This investor has been active since March and has sold a total of 14,398 ETH worth USD 28.47 million since then.
Net Inflow from Major Investors Turns Negative
According to data from CryptoQuant, the net flow of large Ethereum holders currently stands at -83,500 ETH. A negative net flow means more ETH has been sold than bought. This is a clear signal of capital outflows and shows that large investors currently have little confidence in ETH’s short-term performance.
Sellers Dominate the Market
Another indicator of the current market situation is the Taker Buy/Sell Ratio. This metric measures the ratio of buy to sell orders in the market. At present, this indicator is at a weekly low – indicating that sellers clearly outnumber buyers. Additionally, the supply of ETH on exchanges has reached a weekly high. This suggests a potential further wave of selling, as an oversupply combined with stable or declining demand could lead to further price drops.
Impact on ETH Price
The wave of selling had a direct impact on the price: ETH lost 3.95% of its value within a day. Currently, the price is moving sideways between USD 2,400 and USD 2,700. If the selling pressure continues, a downward breakout is possible – with a drop to around USD 2,324 being likely. Only once the selling volume stabilizes could ETH remain within this range or even attempt a breakout to the upside.
You should read that too:
-
Asian Slots – The Best Asia-Themed Online Slot GamesReading time: ~ 3 minutes
-
Best Casino Alternatives for 2025
Reading time: ~ 3 minutes
-
Food and Drink Slots: The Best Slot Games Inspired by Culinary Delights
Reading time: ~ 3 minutes
-
The Best Jackpot Slots & Casinos 2025
Reading time: ~ 3 minutes
-
Low Wagering Casino Bonuses 2025
Reading time: ~ 3 minutes
Our Assessment
The current developments clearly show: major investors are losing confidence in Ethereum’s short-term price performance. Strong selling pressure, negative net flows, and an oversupply on exchanges point to a tense market situation. For you as an investor, this means: caution is advised. Monitor market indicators closely before opening new positions. A sustainable upward trend will only be realistic once selling volume decreases and more capital flows back into the market. Until then, ETH remains vulnerable to further price losses.
| Wagering requirements | 35x bonus |
| 35x free spins winnings | |
| Minimum deposit | €20 |
| Maximum bet | €5 |
| Bonus validity | 30 days to claim |
| 14 days to wager / 7 days for free spins |
- There is no maximum bonus amount.
- 10 Free Spins per day over ten (10) days on Gates of Olympus or Book of Ra Deluxe.
| Wagering requirements | 40x bonus |
| 40x free spins winnings | |
| Minimum deposit | 0.0005 BTC |
| Maximum bet | 0.00004 BTC |
| Bonus validity | 30 days after registration |
| 14 days (1st), 7 days (2nd), 1 day (3rd) |
- To get the bonus, enter the bonus code before the deposit.
- Minimum deposit: 0,07 BCH • 0,4 LTC • 233 DOG • 45 XRP • 0,01 ETH • 20 USDT • 69 ADA • 0,05 BNB • 184 TRX • 20 USDC.
- Maximum bet: 0.007 BCH • 0.0009 ETH • 0.04 LTC • 23 DOGE • 2 USDT • 4 XRP • 18 TRX • 7 ADA • 0.005 BNB • 2 USDC • 2 EUR • 2 USD.
- Free spins are provided in batches of 25 per day.
- Free spins are credited on the Gamebeat slots: Max Miner (1st), Book of Elixir (2nd) and Odin’s Tree (3rd).
| 1st deposit | 120% up to $500 + 100 Free Spins |
| 2nd deposit | 100% up to $300 + 100 Free Spins |
| 3rd deposit | 150% up to $500 + 100 Free Spins |
| 4th deposit | 100% up to $300 + 100 Free Spins |
| Wagering requirements | 45x deposit + bonus |
| 40x free spins winnings | |
| Minimum deposit | $10 (1st) |
| $15 (2nd-4th) | |
| Maximum bet | $5 per round |
| Bonus validity | 30 days to claim, 7 days (1st-4th) |
| 7 days for free spins |
- You must complete the registration and verification process, including a valid email or phone number, to qualify for this bonus.
- You must select the desired bonus during the deposit process.
- There is a maximum withdrawal limit of $10 from winnings derived from free spins.
Advertising transparency