- World Liberty Finance and Grayscale, two major institutions, have transferred a substantial portion of their ETH ($3,326.83) holdings to exchanges, signaling the potential for a sell-off.
- Investor activity in ETH has stalled, with the funding premium turning negative as demand drops.
Ethereum [ETH] has underperformed in recent weeks, dropping by 18.31% over the past month. The bearish trend continued in the last 24 hours, with a slight loss of 0.53%.
Recent market trends suggest that Ethereum’s decline may intensify in the coming days, particularly following the inauguration of the new U.S. president, Donald Trump.
Investor movements don’t favor ETH
In a recent move, World Liberty Finance, associated with President-elect Donald Trump, increased its ETH holdings by acquiring more tokens, only to sell off.
This transaction involved World Liberty swapping 103 WBTC ($101,771.00), valued at $9.89 million at the time of the exchange, for 3,075 ETH.
After completing the swap, they added 15,461 ETH to their holdings, bringing their total to 18,536 ETH, which was then deposited on the cryptocurrency exchange Coinbase Prime.
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