Eli Yee, a prominent figure in the cryptocurrency market, has sold 440,000 Ethereum amid a significant market downturn. Initially, Yee sold 190,000 ETH in early February but paused on February 5, holding 460,000 ETH. However, by February 6, Yee accelerated the sale, liquidating the remaining 440,000 ETH, with 60,000 ETH sold in a three-hour window that evening. Simultaneously, a Hong Kong-based fund has reportedly begun purchasing Ethereum, taking advantage of the market's low prices. While the scale of the fund's investment remains undisclosed, this move suggests a strategic entry into the market during a perceived downturn. Despite the current market challenges, some community members remain optimistic, anticipating a quicker recovery than previous downturns.