Ethereum

A <a href="https://optimisus.com/market/market-news/vitalik-buterin-clarifies-eth-sales-were-for-projects-and-charity-not-profit/" rel="noopener noreferrer nofollow">crypto address</a> presumed to be owned by the ARB Foundation, a non-profit organization that supports those facing depression, has substantially transferred ETH to the Binance crypto exchange, causing apprehension within the crypto community.In the final hours of August, a sum of 60,000 ETH valued at around $150.33 million was transferred to Binance. The current deposit of ETH has raised the total transferred amount to Binance to 90,000 ETH, valued at around $226.02 million.https://twitter.com/OnchainDataNerd/status/1830079845100827090The on-chain tracker, in conjunction with other members of the crypto community, has the belief that the ARB Foundation is making arrangements to liquidate its <a href="https://optimisus.com/news/crypto-news/vitalik-buterin-moves-800-eth-worth-over-2-million-to-a-multi-sig-wallet/" rel="noopener noreferrer nofollow">Ethereum (ETH)</a> assets by transferring them to Binance.The transfer of Ethereum by the ARB Foundation and other potential indicators of a pessimistic market are exerting pressure on the price of ETH, resulting in a decline.Furthermore, the price of the leading alternative crypto is currently being tested at the 0.236 Fibonacci level on the daily chart. If this level fails to hold, it may result in a decline towards the support level of $2,116, which was created during the crash on August 5th.

Users Panic As Whale Sends 90K ETH to Binance in the Last 24 Hours

Optimisus

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