{"id":18632,"date":"2025-12-24T18:15:57","date_gmt":"2025-12-24T18:15:57","guid":{"rendered":"https:\/\/bitunikey.com\/news\/ethereum-price-drops-as-whale-buys-tokens-worth-1-67-billion\/"},"modified":"2025-12-24T18:16:40","modified_gmt":"2025-12-24T18:16:40","slug":"ethereum-price-drops-as-whale-buys-tokens-worth-1-67-billion","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/ethereum-price-drops-as-whale-buys-tokens-worth-1-67-billion\/","title":{"rendered":"Ethereum price drops as whale buys tokens worth $1.67 billion"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Ethereum price slipped for the second consecutive day as sentiment in the crypto market waned and as Arthur Hayes continued his selling spree.\u00a0<\/p>\n<div id=\"cn-block-summary-block_9e698c5dc6a5faabc03be2cf03d28bb4\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Ethereum price has crashed into a bear market in the past few months.<\/li>\n<li>Arthur Hayes continued his selling spree today.<\/li>\n<li>Separately, a major whale has bought tokens worth $1.67 billion recently.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Ethereum (ETH) token declined to a low of $2,900, much lower than the year-to-date high of $4,960. This drop has coincided with the broader industry\u2019s performance.\u00a0<\/p>\n<p>ETH token retreated as Arthur Hayes, the founder of BitMex, continued his selling spree. He moved 682 tokens valued at nearly $2 million today.\u00a0<\/p>\n<p>Arkham <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/intel.arkm.com\/explorer\/entity\/arthur-hayes\" target=\"_blank\" rel=\"nofollow\">data shows<\/a> that he has sold ETH tokens worth over $5 million this month. He has then boosted his stake in Pendle, Ethena, and Ether Fi. Most importantly, he still holds Ethereum tokens worth over $22 million.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Still, some investors are accumulating the coin, hoping that it will rebound soon. One whale bought tokens worth $136.49 million today, bringing his total purchases since Nov. 4 to $1.67 billion.\u00a0<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">A whale has bought $136,493,000 in <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$ETH<\/a> today.<\/p>\n<p>Since November 4th, this whale has bought $1,670,000,000 in Ethereum. <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/42Rh1CjaPa\">pic.twitter.com\/42Rh1CjaPa<\/a><\/p>\n<p>\u2014 Ted (@TedPillows) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/TedPillows\/status\/2003794533918654699?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">December 24, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Tom Lee\u2019s BitMine has also continued its buying spree in the past few months. The company has purchased 436,361 tokens over the past 30 days, representing 3.6% of the market capitalization. He hopes to own 5% of Ethereum and generate hundreds of millions of dollars in staking earnings annually.\u00a0<\/p>\n<p>In his statements, Lee has highlighted Ethereum\u2019s role in the crypto industry, where it has become the largest chain. It has gained a commanding market share in industries like decentralized finance, real-world asset tokenization, and stablecoins.<\/p>\n<h2 class=\"wp-block-heading\">Ethereum price technical analysis\u00a0<\/h2>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">ETH price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The daily chart indicates that the Ethereum price has declined over the past few months. It has moved from the year-to-date high of $4,960 to the current $2,915.\u00a0<\/p>\n<p>The coin\u2019s sell-off is being supported by the 50-day and 200 moving averages, which formed a bearish crossover in November. It has also formed a bearish flag pattern.<\/p>\n<p>Therefore, the most likely Ethereum price prediction is bearish, with the first target being at $2,622. A drop below that level will indicate further downside, potentially to the psychological level at $2,000.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price slipped for the second consecutive day as sentiment in the crypto market waned and as Arthur Hayes continued his selling spree.\u00a0 Summary Ethereum price has crashed into a&hellip;<\/p>\n","protected":false},"author":1,"featured_media":15504,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-18632","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/18632","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=18632"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/18632\/revisions"}],"predecessor-version":[{"id":18633,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/18632\/revisions\/18633"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/15504"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=18632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=18632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=18632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}