Recent ETHprice drop explanation suggested by this 'Smart Wallet' tracker. $ETH
According to @lookonchain's tweet, the smart whale moved 25,000 ETH to the Binance exchange yesterday. More than nine hours ago, he made a withdrawal of 16 million USDT from the same exchange after selling a portion of his Ethereum.
He may still have roughly 8,000 ETH unsold that he is storing on Binance with a potential profit of $14.7 million. @lookonchain assumed that this sell-off performed by the whale likely impacted the ETH price, pushing it down nearly 1.8%. By now, however, ETH has recovered the losses and even grown more, demonstrating a rise by 2.26% overall. As of this writing, Ethereum is
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