Ethereum Experiences Price Volatility Amid Sell-Off Reports, Records New Staking High

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Despite a slight recovery, Ethereum price has been marked by significant sell-offs in the past 24 hours, with the token currently trading above the $2300 mark. In a notable transaction, a large whale identified as 0x6f6…1723d initiated a sell-off of $WBTC and $ETH amounting to US$7.14 million. The whale withdrew 33.6 WBTC and 2,500 ETH from Aave and Lido, respectively, before selling them on the chain. The proceeds from the sale were then used to repay the loan in Aave. Additionally, recent reports indicate that Cumberland DRW received 1,000 ETH, valued at 2.3 million US dollars, from the Alameda Research

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