Metalpha on Ethereum Selling Spree, Can Dump 51,300 ETH By End of Week

Quick Summary:

On-chain data shows that Hong Kong-based asset manager Metalpha has liquidated 37.5% of the ETH holdings in just the last four days.

Top market players have recently been dumping their ETH amid criticism of the slow growth within the Ethereum ecosystem.

Well, if Metalpha continues selling at the same rate, it might liquidate all of its holdings by the end of this week.

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets: IndiaHong Kong

Topics: 24/7 Cryptocurrency News Vitalik buterin Ethereum whales Ethereum (ETH) Altcoin News Ethereum Foundation

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-10 @ 04:39:36 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 449 words

Reading Time: 3 minutes read

Sentences: 36 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22443066

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