On-chain alert rings out! A large transfer of 1,000 ETH (approximately $2.55 million) from an address associated with the Ethereum Foundation has been swiftly moved to a new internal wallet. More concerning is that the receiving address is already a whale, currently holding up to 14,000 ETH (worth $39 million), making it a core treasury of the foundation.
History repeats itself. Looking back at the 2021 bull market, after a similar transfer by the foundation, ETH price surged by 83% within 60 days. The timing of this unusual movement is extremely subtle: it coincides with ETH breaking the critical resistance level of $2,800, and the countdown for the approval of the US spot ETF is underway, with institutional buying frenzy continuing to heat up—under this triple blessing, the developers suddenly mobilizing ammunition is surely not a coincidence.
Decoding three major signals
Transfer not a sell-off: Funds are still circulating within the foundation-controlled address, eliminating the possibility of cashing out
Strategic reserve upgrade: Merged into a single whale address, possibly preparing for bulk operations
Developers know Ethereum best: When the core team starts moving the 'ammunition depot', it often signals significant ecological progress.
Market memory is suddenly awakened: After the Ethereum Foundation transferred 2,000 ETH in July 2023, the L2 sector saw an average increase of over 40% within half a month. Now, the ETH 2.0 staking volume has broken historical highs, L2 trading volume has surged by 300%, and the ecological explosion is imminent.
Da Chuan's sharp commentary
Foundation moves, altcoins tremble
This $2.55 million is not a bullet but a signal flare
The next core track for explosive growth is surfacing
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