Ethereum

Arkham

when

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In an eye-catching development, ancient wallets connected to Vitalik Buterin, the cofounder of&nbsp;<a href="https://u.today/ethereum-eth-price-prediction-for-may-16" rel="noopener noreferrer nofollow">Ethereum (ETH)</a>, have resurfaced amid the current surge in ETH prices.&nbsp;
Reports indicate that 200 ETH, equivalent to a staggering $600,000, originating from the very wallets that once funded Buterin's ventures, have recently been traced to a transaction with the U.S.-based cryptocurrency exchange, Kraken.
The saga began nine years ago when an address known as "0x5eD" initially funded Vitalik Buterin's wallets. Just two days after this historic transaction, a substantial amount of 2,000 ETH was swiftly transferred from "0x5eD" to another address labeled "0x2FE." Remarkably, these ETH holdings remained dormant within "0x2FE" for nearly a decade, until they were abruptly sent onward to "0x9D2."
<blockquote>
 200 ETH ($600K) from the address that originally funded Vitalik’s wallets has just been sent to Kraken.0x5eD, after funding Vitalik's wallets 9 years ago, sent 2,000 ETH to 0x2FE - only 2 days later.This ETH was held for 9 years in 0x2FE before being sent on to 0x9D2, an… <a href="https://t.co/Ytq0FcSX2K" rel="noopener noreferrer nofollow">pic.twitter.com/Ytq0FcSX2K</a>— Arkham (@ArkhamIntel) <a href="https://twitter.com/ArkhamIntel/status/1791443901334581646?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 17, 2024</a>
</blockquote>
The most recent twist in this enigmatic narrative unfolded mere hours ago, when "0x9D2" deposited 200&nbsp;<a href="https://u.today/ethereum-eth-finally-breaks-crucial-3000-resistance-what-comes-next" rel="noopener noreferrer nofollow">ETH</a> back into Kraken.
<h2 id="ethereum-eth-price-outlook">Ethereum (ETH) price outlook</h2>
The timing of these transactions is particularly noteworthy, occurring against the backdrop of a significant uptrend in the price of ETH.&nbsp; <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="cc0afa01-8ef2-4b00-94d2-f2aa62b16277" src="https://u.today/sites/default/files/inline-images/ethereum_1.png">ETH to USD by <a href="https://coinmarketcap.com/currencies/ethereum/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
During today's trading session, the&nbsp;<a href="https://u.today/ethereum-eth-finally-breaks-crucial-3000-resistance-what-comes-next" rel="noopener noreferrer nofollow">price of Ethereum</a> is up almost 6%, reaching a high of $3,110 in the last week and a half. Importantly, over the past three days, the price action has almost completely reversed the decline of the previous nine days.
As a reminder, the deadline to accept or deny an Ethereum spot ETF is coming in less than a week and is the first of its kind among altcoins.
Why old wallets associated with the founders of&nbsp;<a href="https://u.today/ethereum-eth-breaks-3000-are-we-saved" rel="noopener noreferrer nofollow">Ethereum</a> are sending tokens to the exchange while the price of ETH is rising, and all this is happening a week before the decision on the Ethereum ETF, is perhaps the biggest question in the crypto world right now.

Ancient Ethereum Wallets Unload a Lot of ETH Amid Major Price Breakout

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