Appetizing Bitcoin move from MicroStrategy

Technology company MicroStrategy purchased Bitcoin (BTC) after completing an $800 million convertible bond offering. The company increased the amount of BTC it holds.
MicroStrategy, a public company in the USA and holding BTC, had planned to sell bonds in order to buy more BTC. Making an announcement on the subject, the company announced that it completed the 2032 maturity convertible bond offering and generated $800 million in revenue.
MicroStrategy put $786 million in its safe after deducting the expenses incurred during the sale of the notes. The technology company purchased BTC with this cash.
MicroStrategy continues to buy Bitcoin (BTC)
MicroStrategy purchased 11,931 Bitcoin (BTC) with $786 million in net proceeds from the Note sale. Michael Saylor, founder and former CEO of MicroStrategy, announced that the company purchased BTC at an average price of $ 65,883.

📈📉 #FavoriToken #Bitcoin $BTC

Monero (XMR) Soars 25% in Four Weeks Amid European Botnet Mining Raids and Mining Shutdowns

Monero (XMR) has surged 25% over the past four weeks following crackdowns on Botnet mining operations in some countries in Europe and the decision to shut down a leading miner.
This price action demonstrates the resilience of privacy-focused cryptocurrencies despite regulatory challenges.
This significant reversal of Monero in particular reveals how external factors such as regulatory actions can affect market behavior.

Monero's Rise Amid Mining Pressures in Europe
Monero (XMR) has surged an impressive 25% in the last month, outpacing major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). According to TradingView data, XMR briefly surpassed $180 last week, reaching its highest value since January 23, and was last traded at around $170 on Kraken.
Impact of Regulations
While the exact reason for this price increase is unclear, discussions on social media suggest that recent crackdowns against Botnet mining in some European countries may play a significant role. Botnet mining involves using compromised computer networks to mine cryptocurrencies without permission, and Monero is favored because its strong privacy features make it difficult to track such illegal financial transactions.

📈📉 #FavoriToken #monero #xmr

Ripple CTO David Schwartz Explains the Interchangeability of USD Tokens on the XRP Ledger.

Can XRP Ledger (XRPL) support multiple tokens with the same name? Ripple's CTO David Schwartz answered this interesting question.
Schwartz's remarks specifically touch on the initial design principles that explain how XRPL handles USD-denominated tokens.
The statement highlights the concept of token fungibility within XRPL, enabling seamless transactions within the ecosystem.

XRP Ledger's Initial Design Purpose: Focus on Interchangeability
In recent discussions, Ripple's Chief Technology Officer David Schwartz clarified an important design feature of how eponymous tokens on the XRP Ledger (XRPL) are handled. Schwartz's insights informed XRPL's initial architectural decisions, emphasizing its ability to effectively manage US dollar-denominated tokens.
The Role of Common Identifiers in Ensuring Token Interchangeability
Schwartz stated that XRPL was designed to make all USD tokens interchangeable with a common “USD” identifier. This approach simplifies transactions and ensures that all USD-denominated tokens are interchangeable. This type of fungibility is crucial for seamless payments and exchanges across the network, providing flexibility for both payers and recipients to consider all supported USD tokens as equivalent.

📈📉 #FavoriToken #xrp #ripple $XRP

Bitwise CEO Hints at Upcoming Spot Ethereum ETF Launch Ahead of July 4th

Bitwise CEO Hunter Horsley hinted at an important announcement that could shake up the crypto market.
Experts discuss possible S-1 filings for spot Ethereum ETF.
Market observers expect these developments to increase ETH prices.
Bitwise's Upcoming Announcement Fuels Ethereum ETF Speculation

Possible S-1 Filing for Spot Ethereum ETF
Bitwise CEO Hunter Horsley took to X (formerly Twitter) on June 20 and said, “Check out Bitwise Invest tomorrow. Something good is coming.” He shared a mysterious message saying: Although Horsley did not disclose specific details, market experts think this is related to the spot Ethereum ETF application.
Opinions from Industry Experts
ETF Store President Nate Geraci noted the filing of S-1 amendments for many spot Ethereum ETFs on Thursday and Friday. Geraci said there was little reason for the US SEC to delay further action, especially since the latest filings alleviated previous concerns. He said it's only a matter of time before a spot Ethereum ETF launches, with SEC Chairman Gary Gensler pointing to approvals by late summer.

📈📉 #FavoriToken #Ethereum✅ $ETH

Despite the decline, an important data: scarcity in Bitcoin (BTC)

Bitcoin (BTC), which has been moving in a downward direction lately, was heartened by an important data. According to CryptoQuant's analysis, the amount of BTC on the exchanges has reached its lowest level in 3 years.
According to data dated June 19, the amount of BTC on the exchanges decreased by nearly 10 percent. This data indicates that the selling pressure has decreased and if institutional investors continue to accumulate BTC, it may cause a supply shock.

Bitcoin (BTC) is decreasing in exchanges
According to CryptoQuant data, there are 2,825,703 Bitcoin (BTC) on exchanges. At the beginning of the year, this amount was at 3,039,000. The fact that nearly 200,000 BTC was withdrawn from the stock exchanges in the last six months was interpreted as accumulation.
Cointelegraph noted that low exchange reserves, referred to as exchange balance, could lead to a potential supply shock. As it is known, a similar scenario occurred during the spot Bitcoin ETF period and a sharp rise was seen in BTC.

Spot Bitcoin ETFs, which started trading in January 2024, have seen significant growth, especially in the first few months. Issuers like BlackRock and Fidelity have put pressure on BTC supply. BlackRock's IBIT reached 274,000 BTC.
Last month, inflows into ETFs and products reached $2 billion. According to a report shared by Coinshares, Bitcoin investment vehicles hold $73 billion worth of BTC globally. The report suggested that the US Fed's hawkish (oppressive) attitude caused capital flight to BTC.
“This is really the first wave of early adopters, and I think the next wave is much larger institutions,” Franklin Templeton CEO Jenny Johnson said. He claimed that BTC shortage will increase day by day.

📈📉 #FavoriToken #Bitcoin $BTC

The first task of the Turkish Grand National Assembly (TBMM) after Eid al-Adha will be on the regulation of the 'crypto' market.

The most important goal of the regulation is; To increase transparency in the cryptocurrency market and protect investors. In this context, heavy sanctions will be imposed on platforms that do not comply with the rules.

The Turkish Grand National Assembly will put important legislative proposals on its agenda after Eid al-Adha.
Chief among those offers are; A bill that regulates the crypto market is coming.

CMB will be given broad authority
With the regulation, capital requirements will be introduced for service providers. Both investors will be protected and a series of sanctions will be imposed on service providers.

How to establish relationships with cryptocurrency users and how to identify them will also be regulated by law.

According to the regulation, permission will be obtained from the Capital Markets Board (CMB) for service provider organizations and activities. CMB will also be authorized for the issuance, sale and distribution of crypto assets. All transfer transactions will be recorded.
12 million people have balance accounts in the capital markets. When the proposal becomes law, platforms that meet the specified conditions will be authorized, and banks will also need to obtain a custody license.

Penalty of up to 6 million lira for market-distorting actions

The regulation will also determine the penalties for market fraud, market distortion actions and information abuse. Within the scope of market distortion activities, administrative fines between 246 thousand liras and 6 million liras will be imposed.
(TRT News)

📈📉 #Bitcoin #spk $BTC

German Government Made a 425 Million Dollar Transfer of #Bitcoin : Will It Sell?

A large amount of Bitcoin was transferred from cryptocurrency wallets thought to belong to the German government.

According to data from Arkham, in a significant move today, a German government agency transferred $425 million worth of Bitcoin (BTC) to another wallet address.
The transaction involved sending some of the Bitcoin to crypto exchange deposit wallets and returning some to the original wallet.
The wallet address, which Arkham had previously identified as belonging to the German Federal Criminal Police Office (BKA), moved 6,500 BTC to the address “bc1q0unygz3ddt8x0v33s6ztxkrnw0s0tl7zk4yxwd” and then back to itself. Transaction data reveals that some $32 million worth of Bitcoin was deposited on crypto exchange Kraken and a similar amount on Bitstamp.

Arkham CEO Miguel More reported via Telegram that the organization has moved $130 million worth of BTC into “service wallets,” which typically indicates “intent to sell in the near future.”
BKA seized approximately 50,000 BTC, worth over $2 billion at the time, from the operators of Movie2k.to, a pirated movie site active in 2013. According to Arkham, BKA received Bitcoin in mid-January following a “voluntary transfer” from the suspects.

📈📉 #Bitcoin $BTC

Dogecoin Co-Founder Billy Markus Criticizes Crypto Market Fluctuations, Prefers Bitcoin Over DOGE

The cryptocurrency market continues to evolve rapidly and is making headlines with new advancements and regulations.
Recent innovations in blockchain technology have further increased the interest of major financial institutions.

According to a statement from a leading blockchain developer, “Decentralized finance (DeFi) has great potential to transform traditional banking systems.”
Blockchain Technology: Changing the Rules of the Game
Blockchain technology is at the heart of the cryptocurrency ecosystem. It provides a secure and decentralized ledger that is critical to the integrity and transparency of digital currencies. Recently, advances in blockchain scalability and interoperability have attracted much attention. These improvements could spark a revolution in a variety of industries beyond finance by facilitating faster and more cost-effective transactions.

Regulatory Framework
The regulatory environment around cryptocurrencies is also evolving. Governments around the world are looking for ways to encourage innovation while effectively regulating digital assets. In the United States, the Securities and Exchange Commission (SEC) has been particularly active, proposing new rules to ensure investor protection. Meanwhile, the European Union's CryptoAsset Markets Regulation (MiCA) aims to create a harmonious regulatory framework across member states.
Corporate Adoption
Institutional cryptocurrency adoption has reached new heights, and major financial players such as Fidelity and BlackRock have launched crypto investment products. This surge of institutional interest is seen as a confirmation of the market's potential. For example, Bitcoin ETFs have been approved in many regions and offer investors easier ways to access crypto.

📈📉 #Dogecoin‬⁩ #Bitcoin $DOGE $BTC

Sandbox Expanded Its Meme Coin Portfolio and Acquired Shiba Inu (SHIB) and Dogecoin (DOGE)!

The Sandbox, an innovative metaverse platform, announced that it has acquired Shiba Inu (SHIB) and Dogecoin (DOGE), as well as several other meme coins.

This move aims to integrate the unique cultural characteristics of these coins into the expanding virtual reality (VR) and gaming ecosystems.
“We are excited to bring the unique culture of these meme coins to our platform,” said The Sandbox.

The Sandbox Steps Into Meme Coins
Launched in 2012 as a mobile video game about world-building, The Sandbox is now delving even deeper into the blockchain space by integrating meme coins such as Shiba Inu (SHIB) and Dogecoin (DOGE). This strategic move demonstrates the platform's commitment to staying ahead of industry trends and increasing user engagement through various cultural integrations.
Evolution from Game World to Metaverse Leadership
In 2020, The Sandbox pivoted to building an Ethereum-backed virtual economy and raised $2 million to enable users to monetize their digital experiences through non-fungible tokens (NFTs). During the NFT boom of 2021, the platform saw massive growth and users flocked to buy virtual real estate. Snoop Dogg, in particular, invested in creating his own community within The Sandbox, and prices for neighboring properties skyrocketed

Current Developments and Financial Growth
Earlier this year, The Sandbox achieved unicorn status by raising an additional $20 million in funding. This financial support will be allocated to developing the platform's decentralized virtual world, introducing new editing tools, increasing social interactions and diversifying gaming options. By purchasing meme coins, The Sandbox emphasizes its commitment to encouraging creativity and supporting the broader Web3 ecosystem

📈📉 $SHIB $DOGE

Cardano and Dogecoin Lead Bullish Reversal Potential with Low MVRV Rates

Cryptocurrency markets are showing bullish potential in light of certain metrics, indicating a possible trend reversal.
Santiment's data reveals notable movements in Market Cap/Realized Value (MVRV) ratios for many major cryptocurrencies.
Analysts suggest that low 30-day MVRV rates for Bitcoin, Ethereum, and some altcoins may indicate impending price increases.

Low 30-Day MVRV Rates Point to Potential Bull Trends
Recent data shows that many leading cryptocurrencies are exhibiting low 30-day MVRV ratios, which is often a sign of price increases. Santiment's analysis reveals that Bitcoin, Ethereum and other altcoins are on the verge of potential upside movements.
Dogecoin and Cardano Exhibit Strong Bullish Indicators
Among the coins showing significant bullish potential, Dogecoin and Cardano stand out. These two currencies have particularly low 30-day MVRV rates. Dogecoin's MVRV is -16.7% and Cardano's is -12.6%, which shows a strong outlook. On the other hand, Toncoin's MVRV rate is -0.6% and it is in a neutral position.

📈📉 #cardano #adacoin #Dogecoin‬⁩ $ADA $DOGE

Bitcoin Price Prepares for a Rise as BoE Rate Cut Speculation Increases with the Fall in UK Inflation

The UK's inflation rate has recently fallen to 2%, meaning the Bank of England has hit its target for the first time in three years.
This important development increased speculation that the Bank of England may reduce interest rates later this year.
Such a rate cut could have serious impacts on the cryptocurrency market, increasing adoption and prices.

UK Inflation Reached Central Bank Target
The UK reported a 2% inflation rate for the first time in nearly three years, aligning with the Bank of England's long-term target. This fall in inflation has sparked discussions about a possible interest rate cut by the Bank of England in the coming months. If the central bank decides to cut interest rates, this could encourage cryptocurrency adoption and positively impact asset prices.
Analysis of Latest Inflation Data
The UK Consumer Price Index (CPI) is up 2.0% annually through May 2024, falling from 2.3% in April, latest data shows. This marks the slowest inflation rate since July 2021. Analysts hope this trend will lead the Bank of England to consider lowering interest rates.

On a monthly basis, CPI rose 0.3% in May, slightly below the 0.4% previously forecast. According to the Office for National Statistics, the main downward pressure on inflation has come from the decline in food prices, which saw significant increases last year. In contrast, motor fuel prices were the factor creating the greatest upward pressure and recorded small increases compared to last year's decline.

📈📉 #Bitcoin $BTC

Bitcoin Exchange OKX Shares a New Altcoin Listing Announcement!

Popular cryptocurrency exchange OKX announced the new altcoin that it will list on its spot trading platform to its users on its blog.

OKX announced that the ZRO/USDT trading pair will go live on June 20 at 23:00. Deposits for ZRO will open on June 19 at 19:00.
OKX to Launch ZRO/USDT Trading Pair
LayerZero, an open-source, uninterceptable messaging protocol, is preparing to launch its ZRO airdrop collection tomorrow.
This listing and airdrop is expected to generate significant interest among traders and investors, as LayerZero's protocol promises enhanced security and transparency in message transmission across the blockchain ecosystem.

📈📉 #Bitcoin #Ethereum✅ #xrp #FLOKI✅ $BTC $BNB $SOL

Bitcoin Price Faces Drop to $60,000 After $1.6 Billion Sell-Off

Bitcoin has experienced significant selling pressure recently, and this has created concern in the market.
Major BTC whales and ETFs reduced their Bitcoin holdings, impacting market dynamics.
A statement made by a prominent crypto analyst suggests that the Bitcoin price may continue to fluctuate.

Bitcoin is Under Intense Selling Pressure
The cryptocurrency market has witnessed a severe selling pressure on Bitcoin in the last two weeks. According to data, $1.2 billion worth of Bitcoin was sold through BTC whales. Additionally, Bitcoin ETF outflows reached $460 million, increasing the downward pressure on the Bitcoin price.
Price Could Fall Towards $60,000
CryptoQuant Head of Research Julio Moreno stated that Bitcoin has broken short-term support levels and the price could fall towards around $60,000. Moreno emphasized that Bitcoin could fluctuate at these low levels until these dynamics change.

Adding to this perspective, crypto analyst Rekt Capital noted that Bitcoin price often clusters around the $71,600 resistance level, with eventual pullbacks towards $60,600.

📈📉 #Bitcoin $BTC

Ethereum Soars as SEC Investigation Ends: Big Investors Take Action

The cryptocurrency market is buzzing with excitement!
While Ethereum is experiencing an enthusiastic atmosphere, Bitcoin's price remains stable.
This situation was largely shaped by the surprise decision of the US Securities and Exchange Commission (SEC).

SEC Halts Ethereum Investigation
The SEC announced that it has concluded its investigation into Ethereum's classification as a security. After this decision, a positive movement was seen in the Ethereum price. Following the decision, Ethereum rose 5% to close to $3,600. This rise attracted attention when a large investor purchased 5,603 ETH.
Reason Behind SEC Decision
Ethereum software company ConsenSys has encouraged the SEC to make a statement regarding the status of its investigation into Ethereum 2.0. Following questions in May about the approval of spot Ethereum ETFs, the SEC decided to end the investigation. ConsenSys continues to call for regulatory clarity on MetaMask Swaps and Staking, emphasizing the importance of clear guidance for crypto technologies moving forward.

Investor Activity Is Increasing
Ethereum's recovery from its weekly low of $3,381 has increased investor interest. While some ICO investors have sold, other major players have moved to buy up existing supply. According to Santiment's on-chain data, a major investor withdrew a total of 16,604 ETH from Binance in the last 19 days, worth approximately $58.6 million. After the SEC halted the investigation, the same investor purchased another 5,603 ETH, worth approximately $19.7 million, indicating renewed investor confidence in Ethereum.
Ethereum ETF Developments
Bitwise updated its S-1 filing for an Ethereum ETF in response to SEC feedback.

📈📉 #Ethereum✅ #eth #Altcoins! $ETH

XRP Whales Move 64 Million Coins During Consolidation Near $0.5 Dollar Support

Amid crypto market recovery efforts, XRP whales move 64 million tokens.
Whale transactions create fluctuating market sentiment for XRP.
XRP price is stabilizing around $0.5 following recent market activity.

Whale Activity Creates Ambiguous Market Reactions
With the recovery of the crypto market, XRP has become a key point for investors. Currently trading at the critical $0.5 support level, the token has witnessed significant whale activity. These transactions, involving approximately 64 million XRP tokens, combined buying and selling pressures, triggering various market sentiments.
Significant Whale Transactions Among Major Exchanges
Latest data from on-chain analytics platform Whale Alert highlights major whale movements. The 32.57 million XRP moved to Bitstamp by a notable whale was worth $15.72 million, causing a significant decline in the market. In comparison, another whale collected 31.60 million XRP (worth $15.85 million) on Binance. These contrasting trades have divided the market regarding XRP's short-term potential.

XRP Price is in the Consolidation Phase
According to the last trading session, the price of XRP is trading in a narrow range, showing tight consolidation. The token's price fell 0.20% to $0.4936, with 24-hour lows and highs reported at $0.4773 and $0.5078 respectively. This consolidation phase shows that investors are taking a cautious approach in the face of conflicting market signals.

📈📉 #xrp #ripple #Altcoins! $XRP

Hashdex to Launch First US Dual Bitcoin and Ethereum ETF Pending SEC Approval

The United States is witnessing a breakthrough in the cryptocurrency market, where spot Bitcoin ETFs are already in operation and Ethereum ETFs are about to be launched.
Crypto asset manager Hashdex is pushing the envelope with its application for the Hashdex Nasdaq Crypto Index US ETF, which will include Bitcoin and Ethereum.
If approved, this would be the first U.S. ETF to directly hold the two largest cryptocurrencies by market cap.

Milestone: Hashdex Applies for First Joint Bitcoin and Ethereum ETF
Hashdex's latest application marks an important milestone in the cryptocurrency space. The proposed Hashdex Nasdaq Crypto Index US ETF is designed to hold both Bitcoin and Ethereum and could potentially revolutionize investment strategies by offering diversified exposure within a single fund.
Detailed Review of the Proposed ETF
The ETF will track the Nasdaq Crypto Index (NCI), an index weighted by market cap, and will largely include Bitcoin (70.54%) and Ethereum (29.46%), reflecting their dominance in the market. The fund will also hold cash and, if approved, appoint Coinbase Custody and BitGo as custodians to secure asset management.

📈📉 #Bitcoin #Ethereum✅ #Altcoins! $BTC $ETH

Bitcoin Drop Below $65,000: Raising Market Realities and Future Expectations.

The cryptocurrency world took an unexpected turn when Bitcoin fell below $65,000 for the first time since mid-May, shaking the confidence of the crypto community.
Contrary to optimistic projections circulating on crypto Twitter, the expectation that Bitcoin will rise to $1 million after the US SEC approved spot Bitcoin ETFs has not yet come true.
Experts examine the underlying reasons for this difference and point out the impact of macroeconomic conditions and market sentiment.

Spot Bitcoin ETFs: Great Expectations and Unmet Hopes
The US SEC's approval of spot Bitcoin ETFs was described as a groundbreaking event for the cryptocurrency market. Crypto enthusiasts have argued that this would allow institutional investors to invest in Bitcoin more easily and safely, unleashing a wave of capital that could push prices to record highs. However, despite these optimistic predictions, Bitcoin did not show the expected performance and the reasons for this difference began to be examined more deeply.
Economic Conditions and Market Sentiment
The current global economic environment plays a critical role in shaping market behavior. Jumper.Exchange CEO Marko Jurina states that investors trading amid economic instability and geopolitical uncertainties are being cautious. Many are forced to exit risky investments or sell at a discount during these unpredictable times. Summer months typically show low market activity, which can increase volatility. Additionally, the upcoming US presidential elections also increase the layer of uncertainty on the market, affecting investor sentiment and decisions.

📈📉 #Bitcoin #Altcoins! #Memecoins__ $BTC

XRP Experiencing Major Sentiment Change Due to Social Media FUDs!

Recent sentiment analysis paints a negative picture for key altcoins, especially XRP, Dogecoin and Shiba Inu.
Data from analytics firm Santiment shows that social volume and sentiment balance metrics provide a comprehensive look at market perspectives.
According to Santiment, the current negative sentiment may indicate a possible bottom for these cryptocurrencies.

Market Sentiment Analysis: FUD on Key Altcoins
New data from analytics firm Santiment reveals that sentiment around XRP, Dogecoin (DOGE), and Shiba Inu (SHIB) has dropped sharply. Santiment uses the “Weighted Sentiment” indicator to measure market mood, this indicator combines Sentiment Balance and Social Volume metrics. While Emotion Balance categorizes social media posts as positive or negative using machine learning, Social Volume counts the number of posts made about an entity.
Understanding Predominant Sensitivity
Weighted Sentiment offers a more nuanced perspective by adjusting Sentiment Balance based on Social Volume. This ensures that the sentiment measurement reflects not only the mood but also the volume of the discussion. For example, a few positive posts may not significantly impact overall sentiment if they are among thousands of discussions.

Recent trends show this sentiment indicator for XRP, Dogecoin, and Shiba Inu diving into negative territory, coinciding with price declines.

📈📉 #xrp #ripple #Dogecoin‬⁩ #shiba⚡ $XRP $DOGE $SHIB

Elon Musk's X Payments Launches Venmo-Like Service Without Dogecoin Integration.

Elon Musk plans to introduce X Payments, a Venmo-like payment system.
The payment system will allow users to store money, make payments and purchase products and services in physical stores.
X Payments has received money transfer licenses from 28 states in the US.

Elon Musk's X Payments Vision
Elon Musk is gradually transforming the X platform into a comprehensive platform with voice and video calls, news and more. The cornerstone of this transformation is X Payments, which has the capacity to store money, facilitate user payments, and manage both online and offline transactions.
Undergraduate Milestones and Future Plans
X Payments has received money transfer licenses from 28 states in the US, setting the stage for its launch in mid-2024. According to X CEO Linda Yaccarino, this is a major milestone in Musk's goal of creating an "everything app." Although it does not currently include cryptocurrency integration, there is a possibility that digital currencies may be added in the future as regulations become clearer.

Business Strategy and Revenue Models
Unlike typical payment platforms, X Payments aims to increase user loyalty by offering minimal fees for payment services. The company plans to generate its revenue from banking services such as merchant fees and checking accounts. This strategy aims to increase user engagement and elevate overall business activities on the X platform.

📈📉 #Dogecoin‬⁩ #doge⚡ #elonmusk #Memecoins__ #Altcoins! $DOGE

Ethereum Price Drops 2.7% Following $19.3M Whale Transfer to Kraken

The price of Ethereum fell 2.7% following a $19.3 million transfer to Kraken.
This transfer signals possible selling activity by long-term Ethereum holders.
Recent whale movements have caused fluctuations in the Ethereum market.
Ethereum's recent decline has sparked market buzz as major players make significant moves.

Whale movements and market fluctuations
According to the latest data from Spotonchain, one of Ethereum's early whales moved 5.5K ETH (approximately $19.3 million) worth of Ethereum to the Kraken exchange. This move coincided with a significant drop in Ethereum's price.
This particular whale purchased 150K ETH for as low as $0.31 during Ethereum's ICO period. In recent days, this whale transferred a total of 10K ETH (approximately $35.4 million) worth of Ethereum to the Kraken exchange. Despite these movements, the whale still holds approximately 139K ETH (approximately $469 million) in three wallets.

Transfers from such a significant owner often imply intent to sell, and these moves can affect market prices through increased supply.

📈📉 #Ethereum✅ #eth $ETH