{"id":552212,"date":"2023-09-21T00:00:49","date_gmt":"2023-09-21T00:00:49","guid":{"rendered":"https:\/\/uniquehot.com\/?p=552212"},"modified":"2023-09-20T17:40:14","modified_gmt":"2023-09-20T17:40:14","slug":"whales-abandon-ship-ethereums-value-in-jeopardy","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/whales-abandon-ship-ethereums-value-in-jeopardy\/","title":{"rendered":"Whales Abandon Ship? Ethereum&#8217;s Value In Jeopardy As Major Holders Liquidate"},"content":{"rendered":"<p><span class=\"selectable-text copyable-text\">Ethereum (ETH), a significant player in the crypto space, has recently come under scrutiny due to some concerning on-chain activities. <\/span><\/p>\n<p><span class=\"selectable-text copyable-text\">Notably, the number of addresses holding significant amounts of Ethereum has <a href=\"https:\/\/x.com\/glassnodealerts\/status\/77661635?s=20\" target=\"_blank\" rel=\"noopener nofollow\">declined<\/a>, and some long-term holders appear to be liquidating their positions, potentially posing threats to Ethereum&#8217;s value.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/ethereum-path-to-1700-predictions-for-the-week-ahead\/\" target=\"_blank\" rel=\"noopener \">Ethereum Path To $1,700 \u2013 Predictions For The Week Ahead<\/a><\/div>\n<h2><span class=\"selectable-text copyable-text\">Whale Watch: A Steep Decline In Ethereum Holdings<\/span><\/h2>\n<p><span class=\"selectable-text copyable-text\">On-chain analytics have been instrumental in offering real-time insights into crypto market trends. Recent revelations have highlighted a downturn in Ethereum&#8217;s <a href=\"https:\/\/uniquehot.com\/press-releases\/ripple-prepares-to-fight-the-sec-will-xrp-catch-up-to-borroe-finance-and-ethereum\/\" target=\"_blank\" rel=\"noopener \">holding patterns<\/a> that might have deeper implications for the digital asset&#8217;s value and the market.<\/span><\/p>\n<p><span class=\"selectable-text copyable-text\">According to Glassnode, a leading on-chain analytic platform, the number of addresses holding 1,000 Ethereum (ETH) coins or more has plummeted to a 5-year low.<\/span><\/p>\n<p><span class=\"selectable-text copyable-text\">Precisely, these addresses, often termed &#8216;whale addresses&#8217; in the crypto world, have decreased to 6,082. Such a sharp decline can be attributed to the liquidation activities of some of Ethereum&#8217;s long-term holders.<\/span><\/p>\n<figure style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"css-9pa8cd\" src=\"https:\/\/pbs.twimg.com\/media\/F6bEbr4XYAA_8ap?format=webp&amp;name=medium\" alt=\"Ethereum (ETH) number of addresses holding more than 1000 ether.\" width=\"1200\" height=\"600\"><figcaption class=\"wp-caption-text\">Ethereum (ETH) has several addresses holding more than 1000 ether. | Source: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=ETH&amp;m=addresses.Min1KCount\" target=\"_blank\" rel=\"noopener nofollow\">Glassnode<\/a><\/figcaption><\/figure>\n<p><span class=\"selectable-text copyable-text\">It is worth noting that this contraction in whale holdings could potentially increase the susceptibility of Ethereum to market bears, potentially initiating a downward price trajectory.<\/span><\/p>\n<p><span class=\"selectable-text copyable-text\">The impact of such sales on the market is apparent. When large quantities of a <a href=\"https:\/\/uniquehot.com\/news\/solana-eclipsing-ethereum-wall-street-veterans-top-altcoin-pick-emerges\/\" target=\"_blank\" rel=\"noopener \">cryptocurrency<\/a>, such as Ethereum, are offloaded, it often leads to a considerable influx of selling pressure. This can cause panic among smaller investors, prompting further sales and possibly leading to a price drop.<\/span><\/p>\n<h2><span class=\"selectable-text copyable-text\">Additional Pressures From Dormant Wallets<\/span><\/h2>\n<p><span class=\"selectable-text copyable-text\">Interestingly, another layer adds to Ethereum&#8217;s selling pressure alongside the decrease in large-scale holdings. According to <a href=\"https:\/\/twitter.com\/lookonchain\/status\/85375637?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">data<\/a> from Lookonchain, a renowned on-chain data analysis firm, a dormant Ethereum wallet, untouched for around four years, has suddenly sprung into action.<\/span><\/p>\n<p><span class=\"selectable-text copyable-text\">The wallet in question liquidated its entire ETH holding, quickly pushing roughly $4.81 million worth of the altcoin into the market.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">A wallet that had been dormant for 4 years sold all 2,591 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">$ETH<\/a> for $4.18M stablecoins 6 hours ago.<a href=\"https:\/\/t.co\/et78rXHG5u\" target=\"_blank\" rel=\"noopener nofollow\">https:\/\/t.co\/et78rXHG5u<\/a> <a href=\"https:\/\/t.co\/pJanMLxwA3\" target=\"_blank\" rel=\"noopener nofollow\">pic.twitter.com\/pJanMLxwA3<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/85375637?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">September 20, 2023<\/a><\/p><\/blockquote>\n<p class=\"selectable-text copyable-text iq0m558w g0rxnol2\" dir=\"ltr\"><span class=\"selectable-text copyable-text\">Such unexpected sales from long-inactive wallets could raise alarms in the market. While the exact reasons behind such liquidations often remain concealed, they invariably amplify the selling pressures on the <a href=\"https:\/\/uniquehot.com\/news\/ethereum-based-balancer-under-attack-users-receive-warning\/\" target=\"_blank\" rel=\"noopener \">affected cryptocurrency<\/a>, which, in this case, is Ethereum.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/ethereum-based-balancer-under-attack-users-receive-warning\/\" target=\"_blank\" rel=\"noopener \">Ethereum-Based Balancer Under Attack, Users Receive Warning<\/a><\/div>\n<p dir=\"ltr\">Meanwhile, Ethereum&#8217;s price has seen a slight bullish trajectory over the past week, up 1.4%. The asset has moved from a low of $1,596 seen last Wednesday to <a href=\"https:\/\/uniquehot.com\/news\/ethereum-path-to-1700-predictions-for-the-week-ahead\/\" target=\"_blank\" rel=\"noopener \">trade above $1,650<\/a> on Monday before <a href=\"https:\/\/uniquehot.com\/analysis\/eth\/ethereum-price-lacks-momentum-1660\/\" target=\"_blank\" rel=\"noopener \">retracing to $1,626<\/a>, at the time of writing down by 1.8% in the past 24 hours.<\/p>\n<figure style=\"width: 2770px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/IeGwzqCw\/\" alt=\"Ethereum (ETH) price chart on TradingView\" width=\"2770\" height=\"1556\"><figcaption class=\"wp-caption-text\">Ethereum (ETH) price is moving sideways on the 4-hour chart. Source: ETH\/USDT on <a href=\"https:\/\/www.tradingview.com\/chart\/HSuSIPeM\/?symbol=BINANCE%3AETHUSDT\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/figcaption><\/figure>\n<p dir=\"ltr\">Featured image from Unpslah, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum (ETH), a significant player in the crypto space, has recently come under scrutiny due to some concerning on-chain activities. Notably, the number of addresses holding significant amounts of Ethereum has declined, and some long-term holders appear to be liquidating their positions, potentially posing threats to Ethereum&#8217;s value. Related Reading: Ethereum Path To $1,700 \u2013 Predictions For The Week Ahead Whale Watch: A Steep Decline In Ethereum Holdings On-chain analytics have been instrumental in offering real-time insights into crypto market trends. Recent revelations have highlighted a downturn in Ethereum&#8217;s holding patterns that might have deeper implications for the digital asset&#8217;s value and the market. According to Glassnode, a leading on-chain analytic platform, the number of addresses holding 1,000 Ethereum (ETH) coins or more has plummeted to a 5-year low. Precisely, these addresses, often termed &#8216;whale addresses&#8217; in the crypto world, have decreased to 6,082. Such a sharp decline can be attributed to the liquidation activities of some of Ethereum&#8217;s long-term holders. It is worth noting that this contraction in whale holdings could potentially increase the susceptibility of Ethereum to market bears, potentially initiating a downward price trajectory. The impact of such sales on the market is apparent. When large quantities of a cryptocurrency, such as Ethereum, are offloaded, it often leads to a considerable influx of selling pressure. This can cause panic among smaller investors, prompting further sales and possibly leading to a price drop. Additional Pressures From Dormant Wallets Interestingly, another layer adds to Ethereum&#8217;s selling pressure alongside the decrease in large-scale holdings. According to data from Lookonchain, a renowned on-chain data analysis firm, a dormant Ethereum wallet, untouched for around four years, has suddenly sprung into action. The wallet in question liquidated its entire ETH holding, quickly pushing roughly $4.81 million worth of the altcoin into the market. A wallet that had been dormant for 4 years sold all 2,591 $ETH for $4.18M stablecoins 6 hours ago.https:\/\/t.co\/et78rXHG5u pic.twitter.com\/pJanMLxwA3 \u2014 Lookonchain (@lookonchain) September 20, 2023 Such unexpected sales from long-inactive wallets could raise alarms in the market. While the exact reasons behind such liquidations often remain concealed, they invariably amplify the selling pressures on the affected cryptocurrency, which, in this case, is Ethereum. Related Reading: Ethereum-Based Balancer Under Attack, Users Receive Warning Meanwhile, Ethereum&#8217;s price has seen a slight bullish trajectory over the past week, up 1.4%. The asset has moved from a low of $1,596 seen last Wednesday to trade above $1,650 on Monday before retracing to $1,626, at the time of writing down by 1.8% in the past 24 hours. Featured image from Unpslah, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":520342,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[134,6664,8323,1946,78803,61309],"class_list":["post-552212","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-altcoin","tag-crypto","tag-eth","tag-ethereum","tag-ethusdt","tag-glassnode"],"acf":[],"yoast_head":"\n<title>Whales Abandon Ship? Ethereum Value In Jeopardy As Major Holders Liquidate<\/title>\n<meta name=\"description\" content=\"Ethereum (ETH), a major player in the crypto space, has recently come under scrutiny due to some concerning on-chain activities...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/ethereum\/whales-abandon-ship-ethereums-value-in-jeopardy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Whales Abandon Ship? Ethereum Value In Jeopardy As Major Holders Liquidate\" \/>\n<meta property=\"og:description\" content=\"Ethereum (ETH), a major player in the crypto space, has recently come under scrutiny due to some concerning on-chain activities...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/ethereum\/whales-abandon-ship-ethereums-value-in-jeopardy\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-21T00:00:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-20T17:40:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/todd-cravens-QnBrjY-nFUs-unsplash-2.jpg?fit=1920%2C1275\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1275\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Samuel Edyme\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@0xEdyme\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samuel Edyme\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum\/whales-abandon-ship-ethereums-value-in-jeopardy\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum\/whales-abandon-ship-ethereums-value-in-jeopardy\/\"},\"author\":{\"name\":\"Samuel Edyme\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500\"},\"headline\":\"Whales Abandon Ship? Ethereum&#8217;s Value In Jeopardy As Major Holders Liquidate\",\"datePublished\":\"2023-09-21T00:00:49+00:00\",\"dateModified\":\"2023-09-20T17:40:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum\/whales-abandon-ship-ethereums-value-in-jeopardy\/\"},\"wordCount\":479,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum\/whales-abandon-ship-ethereums-value-in-jeopardy\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/todd-cravens-QnBrjY-nFUs-unsplash-2.jpg?fit=1920%2C1275\",\"keywords\":[\"altcoin\",\"crypto\",\"ETH\",\"ethereum\",\"ETHUSDT\",\"glassnode\"],\"articleSection\":[\"Ethereum\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum\/whales-abandon-ship-ethereums-value-in-jeopardy\/\",\"url\":\"https:\/\/uniquehot.com\/news\/ethereum\/whales-abandon-ship-ethereums-value-in-jeopardy\/\",\"name\":\"Whales Abandon Ship? Ethereum Value In Jeopardy As Major Holders Liquidate\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum\/whales-abandon-ship-ethereums-value-in-jeopardy\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum\/whales-abandon-ship-ethereums-value-in-jeopardy\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/todd-cravens-QnBrjY-nFUs-unsplash-2.jpg?fit=1920%2C1275\",\"datePublished\":\"2023-09-21T00:00:49+00:00\",\"dateModified\":\"2023-09-20T17:40:14+00:00\",\"description\":\"Ethereum (ETH), a major player in the crypto space, has recently come under scrutiny due to some concerning on-chain activities...\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum\/whales-abandon-ship-ethereums-value-in-jeopardy\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/ethereum\/whales-abandon-ship-ethereums-value-in-jeopardy\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum\/whales-abandon-ship-ethereums-value-in-jeopardy\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/todd-cravens-QnBrjY-nFUs-unsplash-2.jpg?fit=1920%2C1275\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/todd-cravens-QnBrjY-nFUs-unsplash-2.jpg?fit=1920%2C1275\",\"width\":1920,\"height\":1275,\"caption\":\"Ethereum Whale\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum\/whales-abandon-ship-ethereums-value-in-jeopardy\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Whales Abandon Ship? Ethereum&#8217;s Value In Jeopardy As Major Holders Liquidate\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500\",\"name\":\"Samuel Edyme\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g\",\"caption\":\"Samuel Edyme\"},\"description\":\"Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.\",\"sameAs\":[\"https:\/\/x.com\/0xEdyme\"],\"url\":\"https:\/\/uniquehot.com\/author\/samueledymeabayomi\/\"}]}<\/script>\n","yoast_head_json":{"title":"Whales Abandon Ship? Ethereum Value In Jeopardy As Major Holders Liquidate","description":"Ethereum (ETH), a major player in the crypto space, has recently come under scrutiny due to some concerning on-chain activities...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/ethereum\/whales-abandon-ship-ethereums-value-in-jeopardy\/","og_locale":"en_US","og_type":"article","og_title":"Whales Abandon Ship? Ethereum Value In Jeopardy As Major Holders Liquidate","og_description":"Ethereum (ETH), a major player in the crypto space, has recently come under scrutiny due to some concerning on-chain activities...","og_url":"https:\/\/uniquehot.com\/news\/ethereum\/whales-abandon-ship-ethereums-value-in-jeopardy\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-09-21T00:00:49+00:00","article_modified_time":"2023-09-20T17:40:14+00:00","og_image":[{"width":1920,"height":1275,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/todd-cravens-QnBrjY-nFUs-unsplash-2.jpg?fit=1920%2C1275","type":"image\/jpeg"}],"author":"Samuel Edyme","twitter_card":"summary_large_image","twitter_creator":"@0xEdyme","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Samuel Edyme","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/ethereum\/whales-abandon-ship-ethereums-value-in-jeopardy\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/ethereum\/whales-abandon-ship-ethereums-value-in-jeopardy\/"},"author":{"name":"Samuel Edyme","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500"},"headline":"Whales Abandon Ship? Ethereum&#8217;s Value In Jeopardy As Major Holders Liquidate","datePublished":"2023-09-21T00:00:49+00:00","dateModified":"2023-09-20T17:40:14+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/ethereum\/whales-abandon-ship-ethereums-value-in-jeopardy\/"},"wordCount":479,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/ethereum\/whales-abandon-ship-ethereums-value-in-jeopardy\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/todd-cravens-QnBrjY-nFUs-unsplash-2.jpg?fit=1920%2C1275","keywords":["altcoin","crypto","ETH","ethereum","ETHUSDT","glassnode"],"articleSection":["Ethereum"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/ethereum\/whales-abandon-ship-ethereums-value-in-jeopardy\/","url":"https:\/\/uniquehot.com\/news\/ethereum\/whales-abandon-ship-ethereums-value-in-jeopardy\/","name":"Whales Abandon Ship? Ethereum Value In Jeopardy As Major Holders Liquidate","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/ethereum\/whales-abandon-ship-ethereums-value-in-jeopardy\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/ethereum\/whales-abandon-ship-ethereums-value-in-jeopardy\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/todd-cravens-QnBrjY-nFUs-unsplash-2.jpg?fit=1920%2C1275","datePublished":"2023-09-21T00:00:49+00:00","dateModified":"2023-09-20T17:40:14+00:00","description":"Ethereum (ETH), a major player in the crypto space, has recently come under scrutiny due to some concerning on-chain activities...","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/ethereum\/whales-abandon-ship-ethereums-value-in-jeopardy\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/ethereum\/whales-abandon-ship-ethereums-value-in-jeopardy\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/ethereum\/whales-abandon-ship-ethereums-value-in-jeopardy\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/todd-cravens-QnBrjY-nFUs-unsplash-2.jpg?fit=1920%2C1275","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/todd-cravens-QnBrjY-nFUs-unsplash-2.jpg?fit=1920%2C1275","width":1920,"height":1275,"caption":"Ethereum Whale"},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/ethereum\/whales-abandon-ship-ethereums-value-in-jeopardy\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"Whales Abandon Ship? Ethereum&#8217;s Value In Jeopardy As Major Holders Liquidate"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500","name":"Samuel Edyme","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","caption":"Samuel Edyme"},"description":"Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/uniquehot.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Whales Abandon Ship? Ethereum&#8217;s Value In Jeopardy As Major Holders Liquidate","url":"http:\/\/uniquehot.com\/news\/ethereum\/whales-abandon-ship-ethereums-value-in-jeopardy\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/ethereum\/whales-abandon-ship-ethereums-value-in-jeopardy\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/todd-cravens-QnBrjY-nFUs-unsplash-2.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/todd-cravens-QnBrjY-nFUs-unsplash-2.jpg?fit=1920%2C1275"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","crypto","eth","ethereum","ethusdt","glassnode"],"dateCreated":"2023-09-21T00:00:49Z","datePublished":"2023-09-21T00:00:49Z","dateModified":"2023-09-21T00:00:49Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Whales Abandon Ship? Ethereum&#8217;s Value In Jeopardy As Major Holders Liquidate\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum\\\/whales-abandon-ship-ethereums-value-in-jeopardy\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum\\\/whales-abandon-ship-ethereums-value-in-jeopardy\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/todd-cravens-QnBrjY-nFUs-unsplash-2.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/todd-cravens-QnBrjY-nFUs-unsplash-2.jpg?fit=1920%2C1275\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"crypto\",\"eth\",\"ethereum\",\"ethusdt\",\"glassnode\"],\"dateCreated\":\"2023-09-21T00:00:49Z\",\"datePublished\":\"2023-09-21T00:00:49Z\",\"dateModified\":\"2023-09-21T00:00:49Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/todd-cravens-QnBrjY-nFUs-unsplash-2.jpg?fit=1920%2C1275","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/552212"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=552212"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/552212\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/520342"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=552212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=552212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=552212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}