Ether’s close to 25% fall is the worst single-day hit for the token since Could 2021. The sell-off in ether was additionally catalyzed by rumors of crypto market maker Bounce Buying and selling’s liquidating belongings. Onchain sleuth spotonchain recognized a pockets supposedly belonging to Bounce Buying and selling which transferred 17,576 ETH, price over $46 million, to centralized exchanges, an indication of attainable liquidation.
