A few thousand ETH sold in tight windows pushed price down 5.7% in hours. Exchange inflows and thin order books explain why the drop was fast. On Feb 23, blockchain trackers showed 1,869 ETH sold within 48 hours, about $3.67M at market prices. This came on top of roughly 8,800 ETH sold in February, valued at about $18M. Earlier, on Jan 30, a planned allocation of up to 16,384 ETH was disclosed for funding ecosystem work. When these transfers hit exchanges, ETH fell 5.7% from $1,988 to $1,875 in a short span, while exchange deposits jumped to their highest level since November 2025. Blockchain data showed 1,869 ETH ... (full story)