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An Ethereum whale sells 35 million euros worth of ETH

Not everyone is convinced by the current optimistic mood in the crypto market.

By Finst News
• 1 min read
An Ethereum whale sells 35 million euros worth of ETH

Not everyone is convinced by the current optimistic mood in the crypto market. An Ethereum whale has now sold a significant amount of ETH, making millions in losses.

Bullish sentiment has prevailed in the market since the election of Donald Trump as US president. Yet not all investors seem equally enthusiastic. According to Lookonchain, a large ETH investor sold 14,240 ETH, worth about 35 million euros. With this transaction, he suffers a loss of nearly 12 million euros.

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The reason behind this sale remains unknown. Ever since it was announced that Trump was going to be president, prices in the crypto markets have risen. Bitcoin reached a new record, and Ethereum rose 8 percent in the past 24 hours. Currently, ETH stands at 2,470 euros.

Still, there is some disappointment with Ethereum's share price performance. Some even speculate that Ethereum's glory days are over.

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