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Ethereum Whale Activity Plummets as Large Transactions Drop 63.8% Since Late February

  • Ethereum price falls by nearly 10% over the past week, struggling to remain above $1,900.
  • Large Ethereum transactions drop by 63.8% since late February, indicating a decrease in whale activity on the network.
  • A long-term Ethereum holder recently sold their remaining 2,001 ETH, realizing a profit of $8.66 million.
  • Optimism revolves around the upcoming mainnet launch of Ethereum's Pectra upgrade, potentially generating renewed investor interest.

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