| Mobile Web

Ethereum whale wallets cut holdings by $725 million

About $725 million worth of ether has recently left Ethereum whale wallets, adding weight to expectations of a near-term decline. Ethereum trades around $2,132 after a modest rebound from a recent low, but on-chain indicators send mixed signals by investor type. Whale holdings excluding exchanges fell from 125.36 million ETH on May 17 to 125.02 million ETH on May 22, while long-term holders increased net positions sharply over five days.