$ETH whales actively taking profits after the second-biggest cryptocurrency exceeded $2,000
The court's decision seems to have provided a significant boost to the overall cryptocurrency market sentiment, leading to a considerable price appreciation for several tokens, Ethereum included. surged to around $2,000.
This impressive rally undoubtedly offered an attractive profit-taking opportunity for ETH whales who had acquired their holdings at lower price levels. As such, the current ETH sell-off by whales could be a reflection of these large investors cashing in on their profits, an understandable move considering the crypto market's notorious volatility.
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