Hi Guys,
It's Big & big #alert About $ETH Wallet Deposits $56 Million then a sedden #crash
Ethereum Foundation Wallet Deposits $56 Million in ETH on Kraken, ETH Price Drop Soon?
A previously dormant pre-mined Ethereum address, holding approximately $21.9 million, has become active after nearly nine years. This activity could increase selling pressure on the ETH price.
The world’s second-largest cryptocurrency, Ethereum (ETH), experienced a significant correction of over 3.5%, with its price falling below $3,700. The ETH price hit an intraday low of $3,620 before rebounding.
Ethereum Whale Deposits 15,254 ETH to Kraken
In a recent update provided by on-chain data provider LooKonChain, it was revealed that amidst the decline in the price of Ethereum (ETH), a wallet associated with the Ethereum Foundation made a significant deposit of 15,254 ETH, equivalent to approximately $56.1 million, into the Kraken exchange.
This deposit, occurring just 8 hours prior to the announcement, attracted attention due to the origin of the ETH in the wallet, sourced from both an Ethereum Foundation wallet and another wallet that received 200,000 ETH during the Ethereum Initial Coin Offering (ICO).
When the $ETH price started to drop, an #EthereumFoundation-related wallet deposited 15,254 $ETH($56.1M) into #Kraken 8 hours ago.
The $ETH in this wallet comes from an #EthereumFoundation wallet and a wallet that received 200K $ETH in the Ethereum ICO.
A recent report from Whale Alert indicates that a previously inactive pre-mined Ethereum (ETH) address, holding approximately $21.9 million, has become active after nearly nine years of dormancy.
This marks the first reactivation of a pre-mined Ethereum address observed in June.
In May, two similar addresses, one holding $325,535 and the other $5.9 million, respectively, also experienced sudden activity after a prolonged period of dormancy.
💤 💤 💤 A dormant pre-mine address containing 6,000 #ETH (21,962,887 USD) has just been activated after 8.9 years
