Ethereum Price Decline Triggers Major Sell-Off; Golem And Matrixport Make Significant Moves

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The Ethereum market witnessed a notable downturn with a 7% drop in the past 24 hours, prompting strategic moves from savvy traders and projects alike. Two prominent traders capitalized on the bearish trend by selling off a substantial amount of ETH, totaling 13,680 ETH, equivalent to approximately $41 million. One of these traders, smartestmoney.eth, deposited 6,440 ETH (approximately $19.5 million) to Binance about 21 hours ago, incurring an estimated loss of $2.65 million from their latest ETH trade. Despite this loss, their cumulative profit from ETH transactions stands at an impressive $20.6 million. Another trader, inactive whale 0x742, deposited the

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