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Metalpha on Ethereum Selling Spree, Can Dump 51,300 ETH By End of Week

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Hong Kong -based asset manager Metalpha has liquidated 37.5% of the ETH holdings in just the last four days.

If Metalpha continues selling at the same rate, it might liquidate all of its ETH holdings by the end of this week .

The ETH price is trading 1.92% up at $ 2,345 levels with its market cap above $282 billion .

This comes as the broader crypto market shows recovery ahead of US CPI data for August .