According to Lookonchain, an early Ethereum ICO participant sold another 5,200 ETH, valued at $9.54 million, within the past hour. Since breaking a long dormancy on April 17, this whale has liquidated a total of 21,700 ETH, worth $38.9 million, at an average price of $1,792 per ETH, and still retains 8,300 ETH ($15.28 million). These large-scale sales from dormant wallets often increase market supply and can exert downward pressure on ETH prices, making it a key trading signal for short-term volatility and liquidity shifts. (Source: Lookonchain, x.com/lookonchain/status/1920043684701315336)