Ethereum Holdings Reduced by B.TOP Founder Amid Market Developments

On April 18, Jiang Zhuoer, founder of the mining pool B.TOP, announced a reduction in his Ethereum holdings. According to BlockBeats, Jiang stated that he sold 25% of his spot position at $2,420, adding to a previous sale on April 8, bringing the total to 50% of his holdings sold at an average price of $2,331. Jiang also clarified that his earlier comment on April 8 about shorting Ethereum at $2,242 was a misstatement. Jiang expressed skepticism about U.S. President Donald Trump's claims regarding Iran's actions in the Strait of Hormuz. He noted that shipping data indicates most vessels attempting to pass through the strait have turned back. Jiang suggested that once the market realizes this, there will be a price adjustment.