Ethereum

Safe

Foundation

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<p lang="en-GB" xml:lang="en-GB">Blockchain sleuth @lookonchain published a post on the X platform (formerly known as Twitter) that it had noticed an <a href="https://u.today/dormant-ethereum-eth-whale-just-woke-up-from-sleep-his-first-moves" rel="noopener noreferrer nofollow">ancient Ethereum holder</a> moving part of his big ETH stash to Kraken exchange.</p>
<h2 id="eth-ico-participant-sells-eth-while-another-big-whale-buys-it">ETH ICO participant sells ETH, while another big whale buys it</h2>
<p lang="en-GB" xml:lang="en-GB">Per the above-mentioned source, this whale participated in the Ethereum Initial Coin Offering (ICO) that took place in 2014. He then purchased 20,000 Ethereum at an approximate cost of $6,200; now, this amount of ETH is worth a lot more than that — roughly $42.4 million. At the moment, this investor holds 5,127 ETH worth $10.7 million in his wallets after he sent his ETH to Kraken today.</p>
<p lang="en-GB" xml:lang="en-GB">He has been gradually selling his ETH stash, according to screenshots published by @lookonchain. Eleven days ago, he deposited 800 ETH to Kraken. Nearly a month ago, he sent 150 ETH to the same U.S.-based crypto trading platform; 42 days ago, the whale moved 20 to Kraken and 142 days ago his very first Kraken deposit constituted 1,000 ETH.</p>
<blockquote>
 <p lang="en" dir="ltr">An <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ethereum</a> ICO participant deposited 3,000 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a>($6.2M) to <a href="https://twitter.com/hashtag/Kraken?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Kraken</a> 20 minutes ago.This <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ethereum</a> ICO participant received 20K <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a>(the cost is ~$6,200) at GENESIS and currently holds 5,172 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> ($10.7M).<a href="https://t.co/37SMSqFefp" rel="noopener noreferrer nofollow">https://t.co/37SMSqFefp</a> <a href="https://t.co/yZHrlRbrvl" rel="noopener noreferrer nofollow">pic.twitter.com/yZHrlRbrvl</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1729788901756211328?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 29, 2023</a>
</blockquote>
<p lang="en-GB" xml:lang="en-GB">While this investor has been selling his Ethereum, another large whale spent 10 million USDC to buy ETH today — he acquired a total of 4,865 ETH within five hours, paying $2,056 per ETH on average.</p>
<blockquote>
 <p lang="en" dir="ltr">A giant whale spent 10M <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$USDC</a> to buy 4,865 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> at $2,056 in the past 5 hours.This whale has bought a total of 31,149 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a>($54.9M) at ~$1,763 from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> and DEX since Sept 19. At the current price, the profit is ~$9.2M.<a href="https://t.co/O0MDB6sfac" rel="noopener noreferrer nofollow">https://t.co/O0MDB6sfac</a> <a href="https://t.co/bBd6dwqGKW" rel="noopener noreferrer nofollow">pic.twitter.com/bBd6dwqGKW</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1729765937471971525?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 29, 2023</a>
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<p lang="en-GB" xml:lang="en-GB">This investor has purchased 31,149 ETH in total from Binance and DEX since Sept. 19. As Ethereum has surged by nearly 7% since Nov. 22 and is now changing hands at $2,058, his unrealized profit at the moment is equal to roughly $9.2 million.</p>
<h2 id="ethereum-foundation-sells-million-eth">Ethereum Foundation sells million ETH</h2>
<p lang="en-GB" xml:lang="en-GB">As reported by U.Today earlier, a large ETH lump has also recently been sold by none other than the <a href="https://u.today/ethereum-foundation-moves-big-eth-lump-sell-off-coming" rel="noopener noreferrer nofollow">Ethereum Foundation</a>. Several days ago, this organization in control of the second largest cryptocurrency transferred 1,000 ETH evaluated at $2 million in an unknown direction, with high odds that it was sent to be sold.</p>
<p lang="en-GB" xml:lang="en-GB">The funds were moved to Safe multisignature wallet "0x4e6b." Safe is a type of wallet based on the Ethereum blockchain. This ETH transfer by the Ethereum issuer has not had any significant impact on the asset price, though.</p>
<h2 id="buterin-wants-to-redesign-ethereum-charles-hoskinson-comments">Buterin wants to redesign Ethereum, Charles Hoskinson comments</h2>
<p lang="en-GB" xml:lang="en-GB">During his recent speech in Turkey at the Devconnect event, Ethereum founder and frontman Vitalik Buterin shared his plans to conduct a major redesign of the Ethereum network.</p>
<p lang="en-GB" xml:lang="en-GB">If this indeed takes place, it would have major implications for both users and developers of Ethereum. In particular, Buterin is considering redesigning certain address and staking issues on Ethereum.</p>
<p lang="en-GB" xml:lang="en-GB">Among other things, Buterin wants to integrate private mempools and ERC-4337. Both of these things will allow users to gain more control over their accounts, avoid exposing their transactions to public mempools and perform operations with multisignature wallets in a much easier and more secure manner than they can do it now.</p>
<p lang="en-GB" xml:lang="en-GB">Buterin also stated that he wants to redesign ETH staking and make some of its aspects more decentralized. The Cardano founder (and also one of Ethereum's cofounders), <a href="https://u.today/ethereum-founder-vitalik-buterin-wants-to-improve-eth-staking-cardano-founder-reacts-sarcastically" rel="noopener noreferrer nofollow">Charles Hoskinson, reacted to that</a> with a sarcastic comment on Saturday, taking a big jab at the Ethereum network and its flaws.</p>

Dormant ETH ICO Whale Goes on Huge Selling Spree on Kraken

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