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In an unexpected move, a massive whale decided to dump a large amount of ETH as the price made attempts at $3,000., a whale has dumped 16,597 ETH worth $48.7 million at $2,934 on decentralized exchanges in the past 24 hours. The whale's move raised some eyebrows in the crypto community, as it could indicate bearish sentiment or a profit-taking strategy.It turned out to be a profit-taking strategy. Lookonchain reported that the whale made an approximate $5.
According to Lookonchain, the whale bought 16,599 ETH worth $43.16 million from the OKX crypto exchange via five wallets on Jan. 12, when the price was $2,600 and later sold when the ETH price reached roughly $3,000.In preparation for this event, Ethereum developers have released Geth v.1.13.13, a minor update that fixes various issues linked to the forthcoming Cancun mainnet fork.
Source: Digital Coin News (digitalcoinnews.net)
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