TechFlow news, on August 28, according to Spot On Chain data, ETH prices plummeted 23.5% over the past month, primarily due to four major entities selling a total of 197,800 ETH (approximately $599 million). Specifically: the Ethereum Foundation sold 35,400 ETH ($95 million), Jump Trading sold 88,900 ETH ($276 million), the ICO-related whale address "0xe17" sold 48,500 ETH ($154 million), and long-term holder "0x682" sold 25,000 ETH ($73.9 million). Despite this, these major holders still retain substantial ETH holdings, indicating ongoing potential selling pressure in the market.
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