A major whale sold off $176 million worth of Ethereum within 19 hours, bringing its total ETH sell-off to over $214 million.

PANews reported on February 5th that, according to AiYi, the whale or institutional investor who sold a large amount of Ethereum through Hyperunit yesterday has completed its liquidation. In the past 19 hours, the account sold a total of 80,267.2 ETH ($176 million) to repay loans, and has sold a total of 96,584.2 ETH ($214 million) since February 1st. Currently, only 2.7 ETH remain on the blockchain, suggesting that the funding pressure may have eased.

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Author: PA一线

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