An Ethereum whale reportedly liquidated a substantial number of tokens, causing concern among cryptocurrency investors. Ethereum’s founder, Vitalik Buterin, denies being behind the move, but analysts warn that the selling pressure could push the value of ETH lower. The whale sold 13,871 ETH for 21.87M USDC, prompting speculation about the reasons for the sudden change in strategy. Buterin emphasized that any articles claiming he sold ETH are likely donations to charities or nonprofit organizations. If Ethereum maintains its position above $1,500, it could potentially lead to a rally with a target price of $1,800. The market is waiting to see the impact of this sell-off.
AI Sentiment: Negative