Ethereum’s 39% price decrease is accompanied by large-scale whales’ purchases
According to data from Santiment, during which ETH lost nearly 40% in value, wallets with balances between 100 and 100,000 ETH put about 1.1% of the token’s total supply into their bags.
The trend started on June 7, exactly two days before ETH left the $1,980-$1,725 range and collapsed more than 50% in a moment, reaching its lowest value in a year and a half at $881.