Whale Sells 41,400 ETH, Incurs $28.8 Million Loss After Staking
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A whale or institutional investor has sold 41,400 ETH, valued at approximately $100 million, over the past two weeks, primarily through exchanges like HTX. This entity had staked 40,128 ETH in March 2024, when Ethereum was priced at $3,227. After redeeming the staked ETH a month ago, the current price of $2,417 per ETH resulted in a loss of $28.8 million.