Massive ETH Dump By Whales As Developers Reveal Ethereum Shanghai Upgrade Date
After the massive crypto market selloff today, whales sold Ethereum in millions to crypto exchanges as Ethereum core developers set the Shanghai upgrade in early April. Core developers and clients also decided the date for the Goerli testnet upgrade.
During the Ethereum ACDE, Ethereum core developers and clients set the date for the Shanghai upgrade on the Goerli testnet. The upgrade will happen at epoch 162304 at 10:25:36 PM UTC on March 14. Moreover, the core developers anticipate the Shanghai mainnet hard fork in early April.
However, whales have started selling their ETH holdings after the announcement. Whale Alert reported a transfer of 15,400 ETH worth $25 million from an unknown wallet to Binance. Also, a transfer of 25,361 ETH worth over $41 million from an unknown wallet to Coinbase.
Lookonchain revealed that the whale which transferred 15,400 ETH made a profit of $4 million in just 2 months. The whale purchased 8,599 ETH with 11.48 million USDC and received 7,150 ETH worth $9.01 million from Binance in December 2022. Read More..
