Ethereum Whale Dumps $408M in ETH as Price Hits $2,500

Ethereum is showing serious strength this week. The asset recently surged past $2,500 with a total market capitalization now sitting comfortably above $300 billion. Even with the broader market moving upward, traders are watching one specific whale who used this rally to cash out entirely.

Over the last five days, a single mysterious wallet holder moved 167,855 ETH to various trading platforms. This massive sell order totaled roughly $408 million. The entity started moving these tokens earlier this month and finished the complete liquidation of their holdings today.

Normally, a sell off of this size would cause a major dip in price. Instead, Ethereum held its ground. The coin even bounced back quickly after a brief drop below $2,400. This resilience suggests that buying demand is currently strong enough to absorb even the largest exit strategies.

Investors are now keeping an eye on whether Ethereum can maintain this momentum. With market dominance rising above 11 percent, the coin remains a focal point for the current rally. It will be interesting to see if the market stays this steady now that this major seller is finally out of the picture.