Ethereum

2024

when

Foundation

While Ethereum and altcoins are on the rise, led by Bitcoin (BTC), ETH exceeded $ 3,300.
While these increases caused investors to sell profits, the last move came from the Ethereum Foundation.
According to Lookonchain's post, a wallet affiliated with the Ethereum Foundation deposited 4,000 ETH ($13.3 million) to Kraken after the ETH price exceeded $3,300 today.
<blockquote>
 “A wallet affiliated with the Ethereum Foundation deposited 4,000 ETH ($13.3 million) to Kraken after the price of ETH exceeded $3,300 today.
 The last time this wallet deposited ETH to Kraken was January 16, 2022, and the price of ETH at that time was approximately $3,350.
 This wallet received 39,006 ETH ($130.6 million) from EthDev and currently holds 33,006 ETH ($110 million).”
</blockquote>
In the cryptocurrency market, sending large amounts of crypto to exchanges is generally interpreted as a sale.
At this point, ETH transfers and sales made by Ethereum co-founder Vitalik Buterin and the Ethereum Foundation generally cause FUD in the crypto community to increase and the Ethereum price to decrease.
ETH continues to trade at $3,346 at the time of writing.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 A wallet related to the <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ethereum</a> Foundation deposited 4,000 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a>($13.3M) to <a href="https://twitter.com/hashtag/Kraken?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Kraken</a> after the <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> price exceeded $3,300 today.
 The last time this wallet deposited <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> to <a href="https://twitter.com/hashtag/Kraken?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Kraken</a> was on Jan 16, 2022, when the price of <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> was ~$3,350.
 This wallet received 39,006… <a href="https://t.co/t2zs4qrEg7" rel="noopener noreferrer nofollow">pic.twitter.com/t2zs4qrEg7</a>
 — Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1762852780224704993?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 28, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/big-transfer-from-ethereum-foundation-is-eth-preparing-for-dumpa/" rel="noopener noreferrer nofollow">Big Transfer from Ethereum Foundation! Is ETH Preparing for Dumpa?</a>

Big Transfer from Ethereum Foundation! Is ETH Preparing for Dumpa?

Bitcoin Sistemi EN

Other articles published on Feb 28, 2024

Ripple (XRP) ETF and IPO Ignites Massive Predictions; Solana (SOL) and NuggetRush (NUGX) Gain Mom...

Matrixport HK Aims for Legitimacy with Last-Minute Licensing Bid in Hong Kong

Matrixport Takes Action for Bitcoin and Crypto Trading in Hong Kong!

Sam Bankman-Fried Shilling Solana In Jail, What Could Go Wrong?

Symbol (XYM) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

Apple to discontinue electric car project after 10 years, to direct resources to AI

Join our free newsletter for daily crypto updates!