PANews reported on February 27 that according to Lookonchain monitoring, many whales are selling ETH on a large scale:
• Address 0xc725…839d sold 8074 ETH (about 19.63 million US dollars) at an average price of 2431 US dollars 12 hours ago.
• Address 0x07Fe…A26D deposited 10,000 ETH (about 23.44 million US dollars) to Binance in the past two days and may be preparing to sell.

