30000 ETH transferred to an unidentified portfolio

After the crisis of the BTC, Ethereum (ETH) is now undergoing the law of the market. Recently, the price of an ETH took a whiplash by falling to nearly $ 100, a sad situation that led to long-term investors hastily sell their assets. Recently 30,000 ETH would have landed in a portfolio whose owner is unknown.

Ethereum sows panic

Being the second largest cryptocurrency in the world, Ethereum has always attracted small and large investors by its flexibility and stability. However, the Ether market could not escape the drag of the decline in the BTC and the market in general. ETH tokens have also suffered the cruel law of the market with a 50% drop from $ 200 to $ 100.

This catastrophic situation, unusual for ETH users, has caused panic and has influenced long-term users and investors to sell their funds as a precautionary measure . As a result, 30,000 ETHs were reportedly transferred to WrappedEther from an unknown portfolio with a transaction cost of $ 0.18, making this new investor an influential whale in the event of a market recovery.

A dynamic that goes to the total collapse of the market

The decision made by the users was motivated by the constant fall of the ETH course . However, it is possible that a further decline will appear from the chart analysis, and it is not impossible that an Ethereum token may be worth less than $ 50 in the coming months.

In addition, analysts expect a motley sale of ETH tokens from users to save the furniture.

What do you think of this bad news for the price of ETH? React in the comments section.