A dormant whale in the cryptocurrency market has recently moved a significant amount of Ethereum (ETH), leading to concerns about potential price drops. The whale transferred 10,000 ETH worth $16.5 million out of its account and later deposited the same amount across multiple exchanges. This on-chain activity by whales is closely watched by market participants and can influence the market. At the time of writing, Ethereum’s price had dropped by 2.69% to $1,583.

AI Sentiment: Neutral