Ethereum price drops, whale buys tokens worth $1.67 billion
Ethereum price slipped for the second consecutive day as sentiment in the crypto market waned and as Arthur Hayes continued his selling spree.
Summary
- Ethereum price has crashed into a bear market in the past few months.
- Arthur Hayes continued his selling spree today.
- Separately, a major whale has bought tokens worth $1.67 billion recently.
Ethereum (ETH) token declined to a low of $2,900, much lower than the year-to-date high of $4,960. This drop has coincided with the broader industry’s performance.
ETH token retreated as Arthur Hayes, the founder of BitMex, continued his selling spree. He moved 682 tokens valued at nearly $2 million today.
