Whale Sells ETH Amid Market Rebound Following Fed Rate Cut Expectations

According to Odaily, a significant market rebound occurred last night, driven by expectations of a Federal Reserve rate cut. On-chain analyst Yujin reported that a whale, who had previously purchased 5,822.6 ETH at a price of $3,535 on June 19, took advantage of the rebound to sell 3,900 ETH at $2,724, approximately valued at $10.62 million, eight hours ago. This whale had initially bought these ETH on June 9 and has now sold a total of 4,675 ETH at an average price of $2,701, resulting in a loss of $3.9 million, or -23%.