The number of addresses holding at least 1000 Ethereum (ETH) has dropped to a four-year low after the world's second largest cryptocurrency experienced a wave of whale dumping.
Similarly, the number of whales holding at least 10,000 ETH has also fallen by almost 5 percent this year, from about 1,200 in June to about 1,150 today.
On Tuesday, the price of Ether reached an intraday low of $3880. There is also a possibility that the price will fall further in the future. For example, in the worst case scenario, it could reach $3200.
