Ethereum

Million

Arkham

Foundation

<p>The post <a href="https://coinpedia.org/news/ethereum-news-today-foundation-transfers-290-million-in-eth-market-response/">Ethereum News Today: Foundation Transfers $290 Million in ETH, Market Response</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>A wallet linked to the Ethereum Foundation recently transferred 92,500 <a href="https://markets.coinpedia.org/ethereum/" target="_blank" rel="noreferrer noopener">ETH</a>, worth approximately $290 million, marking its first significant activity since 2017. This transaction has created a buzz in the cryptocurrency community. It is noteworthy because it took place two days after <a href="https://coinpedia.org/news/ethereum-etf-news-will-spot-eth-etfs-outperform-bitcoin-etfs/" target="_blank" rel="noreferrer noopener">Ethereum ETFs</a> went live, adding intrigue to the timing and raising questions over the exact reason behind such a transaction.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Whale Trade Update: The 92k <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> just moved was sent to the originating wallet by the Ethereum Foundation 0xe93232a – it was moved to <br><br>0xe481a22056bd2ADfbf9D723D162c471f6125328C<br><br>and is sitting there – Im watching it. <a href="https://t.co/Pt72Lkpk73">pic.twitter.com/Pt72Lkpk73</a></p>— MartyParty (@martypartymusic) <a href="https://twitter.com/martypartymusic/status/1816507145091010885?ref_src=twsrc%5Etfw">July 25, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<h2 class="wp-block-heading" id="h-transaction-details-and-market-response"><strong>Transaction Details and Market Response</strong></h2> 
<p>According to <a href="https://etherscan.io/address/0xe481a22056bd2ADfbf9D723D162c471f6125328C" target="_blank" rel="noreferrer noopener nofollow">Etherscan</a>, the wallet executed two transactions: a minor transfer of 1 ETH and a major transfer of 92,499.11296297 ETH. Before these, the only activity in the last seven years was a minute 0.000513 ETH transfer 30 days ago. Ether was valued at $3,160 per unit at the time of this major transfer. Despite this big move, the market response has been stable, with no immediate fluctuations observed.</p> 
<p>Blockchain analytics platform <a href="https://app.coinpedia.org/company/arkhamintelligence" target="_blank" class="profile-details">Arkham Intelligence</a> <span class="company_user_profile"><span class="profile_data"><img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2022/11/10122626/info_icon.svg" alt="information" class="info-icons"></span> <span class="company__wrapper"> <span class="company__content"> <span class="profile_link_element"><a href="https://app.coinpedia.org/company/arkhamintelligence" target="_blank"><img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2022/11/09190601/link.svg" alt="link"></a></span> <span class="company_logo"> <a href="https://www.arkhamintelligence.com/" target="_blank" rel="nofollow noopener"> <img decoding="async" src="https://image.coinpedia.org/app_uploads/profile/company.png" class="company_logo_img" alt="profile company logo" title="profile company logo"></a> <span class="company-name">Arkham Intelligence</span> <span class="company-details"></span> <span class="company_mail"></span> <span class="company_category"><span>Crypto intelligence</span></span> <span class="profile-company-social"> <span class="company-social-icons"><a href="https://www.arkhamintelligence.com/" target="_blank" rel="nofollow noopener"><img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2022/11/10161442/globe.svg" alt="globe icon" title="globe icon"></a></span> </span> </span> </span> </span> </span> tracked this transfer, noting that the funds were moved to another address with no subsequent activity. The Ethereum Foundation has not commented on the transfer, and inquiries remain unanswered.</p> 
<h2 class="wp-block-heading" id="h-major-whale-activity"><strong>Major Whale Activity</strong></h2> 
<p>On the other hand, on July 25th, a major Ethereum whale, who has made a $173 million profit, deposited 10,000 ETH worth about $34.2 million into Kraken just before Ethereum’s price dropped. Previously, this whale withdrew 96,639 ETH from Coinbase at around $1,580 in August and September 2022 and deposited 40,000 ETH into Kraken at approximately $3,422 since March. The whale still holds 56,639 ETH, with their total profit from Ethereum increasing by 113%.</p> 
<h3 class="wp-block-heading" id="h-current-market-snapshot"><strong>Current Market Snapshot</strong></h3> 
<p>In other news, Ethereum’s market has recently declined as trading volumes for the new ETFs dropped significantly. Initially, the ETFs saw strong trading volumes, <a href="https://coinpedia.org/news/ethereum-etfs-debut-with-record-1-billion-trading-volume/" target="_blank" rel="noreferrer noopener">totaling $1 billion</a>. Grayscale Ethereum Trust (ETHE) led with $461 million in inflows, followed by BlackRock’s iShares Ether Trust (ETHA) with $244.7 million, and Grayscale’s mini ETF with $63.8 million.&nbsp;</p> 
<p>However, within 48 hours, Grayscale’s ETHE experienced a major outflow of $346 million, negatively impacting the market.</p> 
<h2 class="wp-block-heading" id="h-eth-price-analysis"><strong>ETH Price Analysis</strong></h2> 
<p>Currently, Ethereum is down 4.8% over the past 24 hours, trading at $3,180, and trading volume has decreased to $25 billion. However, as per the market data, this shows an overall trading volume drop of 10.83% to $39.83 billion and a more than 50% decline in options volume. Despite these setbacks, a slight rise in options open interest and bullish long/short ratios on major platforms like Binance and OKX suggest some investors remain optimistic about future price movements.</p> 
<p>Also Read: <a href="https://coinpedia.org/news/new-us-crypto-tax-bill-donald-trumps-crypto-pledge-and-senate-bill-spark-optimism-in-the-market/" target="_blank" rel="noreferrer noopener">New US Crypto Tax Bill: Donald Trump’s Crypto Pledge and Senate Bill Spark Optimism in the Market</a></p>

Ethereum News Today: Foundation Transfers $290 Million in ETH, Market Response

قائمة المحتويات

CoinPedia News

المزيد من المقالات نُشرت في ٢٦ يوليو ٢٠٢٤

Investing $1K in These Altcoins During This Dip Could Make You a Millionaire by 2025 – Which Altc...

Curve founder: Defi more exciting than markets realize

Solana Price Surges Before August

Look What The Cat Dragged In! Solana Feline Themed Tokens MEW and POPCAT Great PURRformance While...

Hong Kong Set to Launch Asia’s First Bitcoin Futures Inverse Product: What it Means for Traders

Explore The Synergy Of Blockchain And AI At The Virtual Blockchain & AI Expo 2024

انضم إلى مجلتنا الإخبارية المجانية لآخر تحديثات مجال العملات المشفرة يوميًا.