Anonymous whale sells $31M in ETH, signaling possible capitulation

An anonymous Ethereum whale sold 16,700 ETH worth $31 million at $1,852 today, according to on-chain analytics firm Hupzy, formerly Spot On Chain. Hupzy said the whale had bought 8,631 ETH worth $23.7 million about a month ago when ETH was trading at $2,749. The latest sale price was about 33% below the earlier purchase level. Hupzy said the move appeared to be a typical capitulation sale, with a whale that bought near a peak offloading a large position after ETH fell to $1,850.