Ethereum Whale Opens $100M Short, Unfazed by Buterin's Vow to 'Sell Less ETH'
Cointelegraph
An Ethereum whale faces potential liquidation on a $100 million short position as Vitalik Buterin pledges to reduce the Ethereum Foundation's token sales.Summary
A crypto whale has opened a leveraged $100 million short position on Ethereum, facing nearly $1 million in unrealized losses as the price rebounds. This bold move comes despite Ethereum co-founder Vitalik Buterin promising that the Ethereum Foundation will "sell less ETH" to ensure the organization's longevity. While the foundation seeks to ease concerns regarding its treasury management, institutional investors continue to divest from Ethereum ETFs, reflecting broader market uncertainty despite Ethereum's dominant role in DeFi and tokenized assets.
(Source：Cointelegraph)