The post Whale Offloads 22,480 ETH Worth $59M appeared first on Coinpedia Fintech News
Adding to the news of whales selling Ethereum, a whale has sold 22,480 ETH worth $59.08 million in the past 48 hours. The transaction history of the same whale reveals a withdrawal of 24,000 ETH worth $63.07 million from Lido. Following the withdrawal, the whale has transferred the bulk of it to Coinbase through multiple addresses. Despite the recent sales, the whale continues to hold 7,000 ETH worth nearly $18.37 million. Amid the recent transactions, the strategy of the whale remains unclear but the speculations are hinting at an offloading phase.