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The sell-off in the morning further dampened the already weak market sentiment—within just one hour, the entire network was liquidated for $135 million.
In the past 36 hours, Vitalik has sold 1,694 ETH, totaling 8,651 ETH since February. Currently, 10,676 ETH are still for sale. Such continuous selling by a major project founder is uncommon.
On the other hand, Wu Jihan has also completely liquidated all his BTC.