On 22 April 2025, 1,000 ETH was transferred to the Kraken stock exchange from a wallet that was found to belong to the Ethereum Foundation. This mobility, worth approximately $ 1,58 million, brought concerns that sales pressure in the crypto currency market may increase. Especially with the recent price fluctuations, a cautious air prevails among investors. This transfer, which is monitored by the analysis platform Lookonchain, indicates that large players in the Ethereum ecosystem are starting to move again.
The action of the wallets of the foundation caught their attention.
The said wallet stands out as an address known to have received more than 84,000 ETHs from the Ethereum Foundation in the past. The current value of these ETHs, which was acquired only a decade ago at the level of $ 1.20, is approaching $ 134 million. This information points out that the re -launch of long -term large ETH positions is an uneasy signal for investors.
Mobility, which is not limited to the transfer of Kraken, has brought other operations from the same wallet to the agenda. In two different transactions, a total of 5,000 ETHs were reported to be sent to the trade company Cumberland DRW. The first transfer is about $ 7.31 million and the second is $ 8.92 million. The succession of the transactions of this size strengthened their views that there may be an important sales tendency in the market. Especially during the periods when support levels are tested, such transfers cause the pressure on the price to increase.
Ethereum’s privacy roadmap and price uncertainty
The new privacy -oriented road map, which Ethereum’s founding partner Vitalik Butterin recently announced, aroused interest in the technical community. The proposal aims to standardize special transactions. However, various opinions are expressed about the applicability of this approach. In particular, the integration of zero information proofs is considered as a time -consuming process that requires high technical competence.
According to market data, Ethereum lost 1.61 %in the last 24 hours, while the transaction volume reached $ 15.85 billion and made a significant increase. While the short -term decline tendency in price graphics draws attention, investors are focused on whether their support levels can be preserved. It is observed that transfers from large wallets trigger the search for liquidity and continue to search for direction in the market. In this environment, where uncertainty prevails, investors are more cautious against sudden price movements.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
