Metalpha’s Ethereum selling spree is stretching into its fourth day as the asset manager, much like the Ethereum Foundation, continues to offload significant amounts of ETH.
Key Points:
- Over the last four days, Metalpha has deposited more than 33,589 ETH to Binance.
- This move mirrors recent ETH sales by both the Ethereum Foundation and Vitalik Buterin.
- Despite these sell-offs, Ethereum’s price has shown resilience, rising 2% in the past 24 hours, with analysts forecasting a potential rally of up to 75%.
Several leading market players have been selling off their Ethereum holdings amid concerns about slow growth in the Ethereum ecosystem. On-chain data reveals that Metalpha, a Hong Kong-based asset management firm, has already liquidated 37.5% of its ETH in the past four days alone. If this rate continues, the firm could offload its entire Ethereum stash by the end of the week.
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