The latest sales are part of a broader plan announced in late January to fund ecosystem development and other initiative.
Ethereum founder Vitalik Buterin accelerates ether sales
The latest sales are part of a broader plan announced in late January to fund ecosystem development and other initiative.
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The decline came amid a deteriorating technical backdrop and increased selling activity across large wallets.
Bitcoin also crossed back above $120,000, but it's underperforming much of the rest of the cryptocurrency sector.
Both SHIB and BONK displayed inverse head-and-shoulders patterns, indicating continued bullish momentum.
The market is confident that the Fed will cut rates. But crypto traders are still waiting for confirmation.