An Ethereum whale sold 3,367.5 ETH, worth around $10 million, after holding it since the ICO.
The whale still holds 37,069.8 ETH, valued at over $112 million.
Ethereum gained 6% in value over the past 24 hours, now trading at $3,140.
Ethereum Foundation developers are working on implementing measures to weaken the effects of Maximal Extractable Value (MEV), ensuring a fairer transaction playing field.