Going the other way? ETH price breaks, ancient whales transfer in large quantities?

Data shows that 200 ETH, equivalent to a staggering $600,000, from a wallet that once funded V God's enterprise was recently traced to a transaction with CEX.

The legendary story began nine years ago, when an address called "0x5eD" initially funded V's wallet. Just two days after this historical transaction, a large amount of 2,000 ETH was quickly transferred from "0x5eD" to another address marked "0x2FE".

It is worth noting that these ETH holdings have been dormant in "0x2FE" for nearly a decade until now they are suddenly sent to "0x9D2".

After funding V's wallet 9 years ago, 0x5eD sent 2,000 ETH to 0x2FE just 2 days later.

The timing of these transactions is particularly noteworthy, occurring against the backdrop of a sharp rise in ETH prices.

During today's trading session, the price of Ethereum has risen by nearly 6%, reaching a high of $3,110 in the past week and a half. Importantly, in the past three days, the price trend has almost completely reversed the decline of the previous nine days.

Why old wallets associated with the founder of Ethereum sent tokens to exchanges when the price of ETH rose, and all this happened a week before the decision of the Ethereum ETF, which may be the biggest question in the crypto world at present.

At present, Laodao interprets this news as a major negative, and is wary of BTC's retracement, which will trigger ETH's market crash.

As mentioned earlier, the market stabilizes and gradually lays out potential coins, free sharing

Here, everything in the currency circle becomes simple

Follow first, then go up🚗