The activity of the Ethereum whale plummers since large transactions fall 63.8% since the end of February

ethereum has faced a challenging period, with its price in almost 10% during the past week. The cryptocurrency briefly exceeded the mark of $ 1,900, but could not maintain the impulse and is struggling to remain above it now.

This price drop follows a broader trend of market volatility, which has generated concerns about its price trajectory. This decrease in the price may be linked to the change in the feeling of investors, since the data in the chain suggests a remarkable reduction in the large transactions of ethereum.

ethereum whales are going back

According to the latest Cryptography analyst Ali Martínez <a target="_blank" href="https://x.com/ali_charts/status/1907258685191311554″ target=”_blank” rel=”noopener” data-wpel-link=”external”>RecommendationsThere has been a significant decrease in the great transactions of ethereum since February 25, with a reported fall of 63.8%. This decrease was indicative of a remarkable reduction in the activity of whales on the network, suggesting that large -scale investors can be withdrawing or reassession. Interestingly, whales <a target="_blank" href="https://x.com/ali_charts/status/1907327387861426375″ target=”_blank” rel=”noopener” data-wpel-link=”external”>sold 760,000 eth only in the last two weeks.

This recession in the whale activity coincides with the actions of a long -term ethereum head that recently settled its remaining assets.

Lookonchain's <a target="_blank" href="https://x.com/lookonchain/status/1907305895840928218″ target=”_blank” rel=”noopener” data-wpel-link=”external”>update He revealed that an ethereum OG sold its remaining 2001 eth, which is worth around $ 3.82 million, April 2. The investor originally bought 5,001 eth for $ 1.38 million to $ 277 per currency in 2017 and remained through the execution of Bull of ethereum, even when prices rose to $ 4,878.

However, during the past month, they began selling and obtained a total gain of $ 8.66 million in the process. At its peak, the unrealized earnings of the investor reached up to $ 23 million.

All eyes at the launch of Mainnet Pin

Despite the successful completion of ethereum's sicking update at Hoodi Testnet, the network has struggled to maintain a significant demonstration. Now, all eyes are in the highly anticipated update in Mainnet, which combines improvements from the proposals of Prague and Electra. He is ready to go live at the ethereum Mainnet on April 30, with a tentative activation scheduled for slot 11,599,872.

There is still the optimism that the launch of Mainnet could generate a renewed interest of investors and potentially trigger a more significant price movement. The timeline for update is still subject to the final approval, and confirmation is expected at the next execution meeting of the main developers (ACDE).

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