Large Ethereum Holder Initiates Significant Sale

According to Odaily, a major Ethereum holder, possessing at least 155,837 ETH valued at approximately $408 million, has begun selling off their holdings. Monitoring by Lookonchain indicates that three addresses potentially linked to Arthapala have unstaked and withdrawn 155,837 ETH. Since June 10, these addresses have started depositing ETH into trading platforms. So far, 120,918 ETH, worth around $317 million, has been transferred to exchanges, leaving 34,919 ETH, valued at approximately $91.6 million, still in possession.