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Are Vitalik Buterin’s $10M Ethereum sales bad news for ETH bulls? Buterin’s recent transfer of 1,100 $ETH to exchanges coincides with the Ethereum Foundation’s Ether sales worth over $200 million. Ethereum co-founder Vitalik Buterin transferred about $10 million worth of his Ether holdings to wallets associated with crypto exchanges in August, according to data tracked by Lookonchain. Additionally, Arkham Intelligence data shows Buterin’s Ether address has witnessed outflows of around 422,000 ETH (worth $1.04 billion as of Sept. 1, 2024) since 2015. Over 840,000 ETH have moved out of the address in the last two years. The transfers led to speculation that Buterin has been selling his Ether holdings to realize Ether profits, especially as the cryptocurrency is trading 180% higher compared to its cycle low of $885 in 2022. I haven’t sold ETH for profit since 2018 — Buterin On Aug. 31, Buterin clarified that he has never sold his Ether holdings to realize profits, noting that all of his ETH transfers since 2018 have been about supporting various projects that he thinks are valuable, either within “the Ethereum ecosystem or broader charity.”
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ETH Dump: Users Panic As Whale Sends 90K ETH to Binance in 24 Hours A cryptocurrency address suspected to belong to the ARB Foundation, a non-profit organization reaching out to those struggling with depression, recently transferred a significant amount of ETH to the Binance crypto exchange, striking fears of a potential $ETH dump among the crypto community. $ETH dumping????? 8 hours ago, a wallet (may belong to #ARB_Foundation) deposited 60k ETH (~$150.33M) to #Binance. Within 24 hours, he deposited totally 90k $ETH (~$226.02M) to BINANCE — The Data Nerd (@OnchainDataNerd) September 1, 2024 The Data Nerd, an acclaimed onchain tracker on X, noted the wallet deposited 60,000 ETH, equivalent to $150.33 million, on Binance in the last hours of the ultimate day in August. According to the onchain tracker, the recent ETH deposit increased the total amount the address transferred to Binance to 90,000 ETH, worth approximately $226.02 million. The onchain tracker, among other crypto community members, thinks the ARB Foundation is preparing to sell off its ETH holdings by transferring them to Binance, a centralized exchange (CEX). Typically, crypto users holding large tokens prefer… The post ETH Dump: Users Panic As Whale Sends 90K ETH to Binance in 24 Hours appeared first on Coin Edition. #ETH🔥🔥🔥🔥 #TelegramCEO #CryptoMarketMoves #BinanceBlockchainWeek #BinanceTurns7
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1 billion Ripple tokens will be released tomorrow; Should we wait for $XRP to drop? Ripple, the main developer of XRP Ledger, plans to release 1 billion XRP tokens on September 1. This is part of the monthly program of releasing tokens from the initial distribution, which is often followed by a drop in Ripple's price. The value of this release at current prices is 570 million dollars, a part of which will be sold in the coming days. XRPScan data shows that the two addresses will release a total of 1 billion Ripples in three transactions. Since May 2024, Ripple has used these two accounts for monthly releases. Since the beginning of 2024, Ripple has sold more than 2.02 billion Ripple worth about $1.15 billion from its treasury account. Ripple investors should keep a close eye on Ripple selling activities as it can have a strong impact on the price of this token. #XRP $XRP #TON #DOGSONBINANCE #TelegramCEO #TelegramCEO
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A $15B Bitcoin storm is brewing, and it could shake the crypto world to its core. With the US government and Mt. Gox set to release a staggering 249,000 BTC this September, brace yourselves for what might be the most volatile month of 2024. The US is sitting on 203,000 BTC ($12.1B), while Mt. Gox is about to distribute 46,000 $BTC ($2.7B). This tidal wave of selling pressure could send Bitcoin prices spiraling downward. Stay ahead of the curve on Binance and navigate the turbulence with confidence.
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Significant Decline in Crypto Whale Transactions Since Mid-August
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