Ethereum (ETH) price today trades at $2,356, up 0.72% on the day. However, Thursday could be a down day as Metalpha sold 6,999 ETH worth $16 million, on-chain data shows. Metalpha Sells ETH, Cripples Ethereum Price Rally Metalpha, a Hong Kong-based crypto management company, has offloaded another nearly 7,000 ETH worth $16 million. This is the third consecutive day that the Metalpha sold ETH . Metalpha deposited 6,999 $ETH ($16.4M) to #Binance again 1 hour ago. #Metalpha has deposited a total of 62,588 $ETH ($145.1M) to #Binance in the past 6 days and currently holds 23.5K $ETH ($55M). https://t.co/3hqVXQvHlu pic.twitter.com/3zVS4Irbmq — Lookonchain (@lookonchain) September 12, 2024 This sale has reduced the crypto giant’s holdings to 1.9K ETH worth $4.50 million, according to data from Arkham , an on-chain analytics platform. Metalpha Portfolio Here are some of the notable sales from Metalpha: September 10 – 10K ETH worth $23 million September 11 – 22K ETH wort