An investor participating in the 2015 ICO made a remarkable transaction in the Ethereum market. It was found that he launched the 76,000 ETH, which he had held for years, for a two -week period. While this movement is closely monitored by market players, it is thought that investor behaviors may be reflected in future price movements.
ETH ICO whale sale
The person who invested in Ethereum in the early period had purchased each ETH for about $ 0.31. In the last two weeks, the large -volume transactions of the investor drew attention. Among the important transactions, 2,000 ETHs were transferred to Kraken with $ 3.66 million.
In addition, 3,000 ETH transactions were recorded at a few days apart and these transactions ranging from 5.39 million to $ 5,53 million. In the first move, approximately 8,000 ETH was sent to another wallet about $ 12.74 million. Small -scale transfers were also included in the transaction history.
Following sales of this size, a slight decrease signals are observed on the price of Ethereum. According to current data, ETH’s price declined by 1.72 percent within 24 hours.
VITALIC BUTTERIN’S REFORM RECOMMENDATIONS
The founding partner of Ethereum began to propose radical arrangements in the Blockchain structure of Vitalik Botter. Butter says that the complexity of the existing system causes high development costs and increased security risks. It is thought that the structure is similar to Bitcoin.
Vitalik Botterin: “The system increases development costs and raises security risks.”
In line with the suggestions, changes in consensus and executive layers are aimed to make changes. Within the scope of the plan, the implementation of 3-Slot Finality and the replacement of Ethereum Virtual Machine is replaced by a RISC-V-like simplified model. Technical arrangements are hoped to increase the confidence of the protocol in the long run.
Although the reforms are not expected to reflect the short -term price movements directly, market investors will be hopeful that they will provide long -term benefit. The past major sales transactions in the past meet those who evaluate the positive effects of reforms despite cautious approaches. The market continues to be shaped on different scenarios with technical regulations and corporate purchases.
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.
