As the market braces for spot ETH ETFs' debut, a whirlwind of activity has characterized the ETH landscape. While recent price actions seemed stagnant, keen observers noted a dramatic surge in ETH realized profitsโa sign that big players are cashing out. Glassnodeโs data uncovered a record-setting leap in realized profits, soaring from $144.598 million to $747.311 million practically overnight. Wallets brimming with 10,000 to 100,000 ETH saw an astonishing... Discover what prompted this massive sell-off and the strategic implications for Ethereum holders with CryptoSlate Alpha.
Large holders cashed out ahead of Ethereum ETF launch Large holders cashed out ahead of Ethereum ETF launch
Ethereum realized profits soar as market gears up for ETF-induced price swings.
3 min read
Updated: Jul. 23, 2024 at 4:23 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).