Data: The four key forces sold 197,800 ETH in the past month, approximately 599 million USD

ChainCatcher news, according to Spot On Chain statistics, ETH has experienced two significant drops in the past month (a total decline of 23.5%). Here are four major forces that may have contributed to the recent sell-off:

• 1. Ethereum Foundation: Sold 35,400 ETH (approximately $95 million), still holding 275,000 ETH (approximately $677 million).
• 2. Jump Trading: Sold 88,900 ETH (approximately $276 million), still holding 53,600 ETH (approximately $132 million).
• 3. ICO-related whale "0xe17": Sold 48,500 ETH (approximately $154 million), still holding 303,000 ETH (approximately $751 million).
• 4. Long-term holding whale "0x682": Sold 25,000 ETH (approximately $73.9 million), still holding 41,600 ETH (approximately $103 million).