Ethereum Whales Begin Significant Selloff as Price Drops to $1,400

Dormant Ethereum whales are liquidating their holdings as ETH price declines. The price fell 6% to $1,400. A whale sold 10,000 ETH, realizing $2.75 million in profit after purchasing at an average price of $1,295 during the 2022 bear market. They refrained from selling at a peak of $4,000 despite a potential profit of $27.6 million.

Key points:

Ethereum has dropped 56% since early 2025.
Long-term holders are losing faith due to minimal returns.
World Liberty Financial sold 5,471 ETH for $8.01 million at $1,465 per token, having initially acquired 67,498 ETH at an average price of $3,259.
Concerns grow about ETH potentially dropping below $1,000.
Analyst Ali Martinez suggests $1,200 may be a support level.

The selloff coincides with escalating trade tensions and potential global recession fears due to Trump's tariffs on China.