A significant amount of Ethereum (ETH) held by large investors, known as whales, was recently sold off, causing the price of the cryptocurrency to drop by 20%. This sudden liquidation of ETH holdings by these whales led to a sharp decline in the market value of Ethereum. The massive sell-off of ETH by these large holders resulted in a significant drop in the price of the cryptocurrency. This event highlights the impact that large investors can have on the overall market value of digital assets like Ethereum.