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Ethereum Whale Sells 10,000 ETH Through Wintermute for $44.3M USDC

A whale has sold over 20,000 ETH in recent days, totaling nearly $92 million, signaling a trend of significant ETH liquidation in the market.

ETH
USDC

Fact Check
Multiple sources strongly corroborate the statement's key details. Evidence from blockchain.news, ainvest.com, and bitcoinworld.co.in all confirm a whale sold 10,000 ETH via Wintermute at a price of ~$4,431 per token, for a total value of approximately $44.3 million. While one source provides a conflicting value, it is an outlier compared to the several consistent reports.
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Summary

A whale has sold a total of 20,360 ETH over the last three days, earning $91.79 million USDC. The latest transaction saw 11,360 ETH sold for $50.75 million USDC in just four hours, continuing the trend of large-scale ETH sales by whales.

Terms & Concepts
  • ETH: The native cryptocurrency of the Ethereum blockchain, widely used for transactions, smart contracts, and decentralized applications.
  • USDC: USD Coin, a stablecoin pegged to the U.S. dollar, commonly used for trading and settlements in the cryptocurrency market.