POAP founder moves 4,000 ETH to Gemini, offloads 8,000 ETH in six days
- —4,000 ETH worth about $10.02 million sent to Gemini
- —8,000 ETH sold over six days for $20.81 million at an average of $2,601
- —Remaining holdings: 51,468 ETH valued at $129 million
Why it matters: A major holder keeps trimming his position, adding to selling pressure on Ethereum.
Source: PANews