In a tumultuous turn of events within the cryptocurrency realm, Ethereum, the second-largest digital asset, finds itself in the eye of a storm as influential whales unleash a cascade of sell-offs totaling a staggering $178 million.

The market upheaval follows a plunge in Ethereum’s price, prompting seven major players, colloquially known as whales, to swiftly offload their ETH holdings. This seismic event highlights the volatile nature of crypto assets and underscores these wha...