According to Lookonchain, an early Ethereum ICO participant sold another 5,200 ETH valued at $9.54 million within the past hour, adding to the 21,700 ETH ($38.9 million) liquidated since April 17, 2025. The average sale price of $1,792 suggests strategic profit-taking during recent market volatility. The whale still holds 8,300 ETH worth $15.28 million, signaling potential for further large-scale market transactions. This ongoing sell-off could increase short-term ETH supply and pressure prices, making it critical for traders to monitor whale wallets and on-chain activity for future moves (Source: Lookonchain, x.com/lookonchain).