Large Transfer Detected

  • On April 22, 2025, a wallet linked to the Ethereum Foundation transferred 1,000 ETH (~$1.58M) to Kraken.

  • The move raised marketwide concerns as ETH faces price volatility and sell pressure.

Wallet History & Activity

  • The wallet (0xddB…121A) received 84,513 ETH (~$134M today) from the Foundation 10 years ago when ETH was priced at ~$1.20.

  • Recently, it also sent 5,000 ETH in two transactions to Cumberland DRW, worth $7.31M and $8.92M respectively.

More Whale Movements Stir Fear

  • An ETH OG sold 10,702 ETH (~$16.86M) after 2 years of inactivity.

  • A World Liberty Financial wallet dumped 5,471 ETH (~$8.01M).

  • Another dormant wallet moved 2,000 ETH (~$3.11M) to Kraken.

    Market Impact

    • ETH Price: $1,616.98 (↓1.61% in 24h)

    • 24h Trading Volume: $15.85B (↑33.73%)

    • Price remains in a sideways range, with $1,504 as key support

    Outlook

    • Market sentiment remains neutral to bearish, pending further developments.

    • A breakout from current range could lead to a significant price move.

    • Vitalik Buterin proposed a privacy roadmap for standardizing private ETH transactions via zero-knowledge tech.

#Ethereum

$ETH