Ethereum treasury trade unwinds 80% as handful of whales dominate buys
NegativeCryptocurrency
- Corporate Ether acquisitions have significantly declined, with the largest corporate holder of Ethereum now acquiring billions in Ether, aiming to control 5% of the total supply. This unwinding of treasury trades represents an 80% reduction in previous activity, highlighting a shift in market dynamics.
- The decline in corporate acquisitions and the dominance of a few whales in purchasing Ether could signal a consolidation phase in the market, potentially impacting liquidity and price stability for Ethereum.
- This trend occurs amidst a broader downturn in the cryptocurrency market, where Ethereum has faced resistance and price drops, leading to increased selling pressure and concerns about a prolonged bearish phase. The market's volatility is further reflected in significant ETF outflows and the cautious sentiment among investors.
— via World Pulse Now AI Editorial System
