Ethereum

Millions

Bitcoin

April

Cosmos

A dormant Ethereum whale has become active for the first time in eight years. The address, which originally accumulated 398,889 ETH at an average price of $6 (worth $2.4 million at the time), is now valued at approximately $1.34 billion. 
Since November 7, the whale has sold 73,356 ETH, amounting to around $224 million in value. Despite these sales, the address still holds 325,533 ETH, worth an estimated $1.1 billion at current market prices. 
Additionally, the Interchain Foundation, a Cosmos developer, has sold 3,000 ETH today. This follows a series of sales since April 2023, where the foundation has sold a total of 21,600 ETH for approximately $55.97 million, with an average price of $2,591 per ETH. The foundation currently retains 23,587 ETH and 383.8 BTC, with a combined valuation of $95.48 million. 
<img decoding="async" class="alignnone" src="https://pbs.twimg.com/media/Gc-Ng_UaAAIj2_J?format=jpg&amp;name=4096x4096" alt="Image" title="Whales Are Selling: Ethereum Billionaire Whale and Cosmos Developer Offload Millions 24"> 
Meanwhile, Ethereum’s price has risen by 7% in the past 24 hours and 30% over the last 30 days, highlighting strong market performance despite the significant whale and institutional sales. 
<img loading="lazy" decoding="async" class="size-full wp-image-53691 alignnone" src="https://crypto.ro/en/wp-content/uploads/2024/11/ETH_1D_graph_coinmarketcap-1.png" alt="ETH 1D graph coinmarketcap 1" width="1200" height="800" title="Whales Are Selling: Ethereum Billionaire Whale and Cosmos Developer Offload Millions 25" srcset="https://crypto.ro/en/wp-content/uploads/2024/11/ETH_1D_graph_coinmarketcap-1.png 1200w, https://crypto.ro/en/wp-content/uploads/2024/11/ETH_1D_graph_coinmarketcap-1-300x200.png 300w, https://crypto.ro/en/wp-content/uploads/2024/11/ETH_1D_graph_coinmarketcap-1-1024x683.png 1024w, https://crypto.ro/en/wp-content/uploads/2024/11/ETH_1D_graph_coinmarketcap-1-768x512.png 768w, https://crypto.ro/en/wp-content/uploads/2024/11/ETH_1D_graph_coinmarketcap-1-750x500.png 750w, https://crypto.ro/en/wp-content/uploads/2024/11/ETH_1D_graph_coinmarketcap-1-1140x760.png 1140w" sizes="(max-width: 1200px) 100vw, 1200px"> 
<h3 id="ethereum-onchain-volume-hits-yearly-high">Ethereum Onchain Volume Hits Yearly High</h3> 
On Friday, November 15, Ethereum’s daily onchain volume reached $7.13 billion, marking the highest single-day volume of 2024. This represents a 1% increase over the previous yearly high set in March, indicating a resurgence in network activity as the broader crypto market turns bullish. 
Throughout 2024, Ethereum’s onchain trading volume generally followed the trends of the wider crypto market, exhibiting a consistent risk-off downtrend with occasional spikes during the second and third quarters. 
However, November has marked a turning point. Factors driving this resurgence include large inflows from Bitcoin and Ethereum ETFs, alongside renewed market interest following the U.S. Presidential election. 
<img loading="lazy" decoding="async" class="alignleft size-full wp-image-53692" src="https://crypto.ro/en/wp-content/uploads/2024/11/photo_2024-11-22_10-47-34.jpg" alt="photo 2024 11 22 10 47 34" width="859" height="628" title="Whales Are Selling: Ethereum Billionaire Whale and Cosmos Developer Offload Millions 26" srcset="https://crypto.ro/en/wp-content/uploads/2024/11/photo_2024-11-22_10-47-34.jpg 859w, https://crypto.ro/en/wp-content/uploads/2024/11/photo_2024-11-22_10-47-34-300x219.jpg 300w, https://crypto.ro/en/wp-content/uploads/2024/11/photo_2024-11-22_10-47-34-768x561.jpg 768w, https://crypto.ro/en/wp-content/uploads/2024/11/photo_2024-11-22_10-47-34-750x548.jpg 750w" sizes="(max-width: 859px) 100vw, 859px">

Whales Are Selling: Ethereum Billionaire Whale and Cosmos Developer Offload Millions

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