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>
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*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?

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