#SaylorBTCPurchase
Ethereum is once again in the news, but this time it is not because of bullish sentiment but rather because of a huge surge in whale activity that could signal a major sell-off. Two well-known Ethereum owners made calculated and possibly game-changing decisions in a few short hours.
Concerns were raised right away when a wallet connected to the Ethereum Foundation sent Kraken 1,000 ETH, or about $1.58 million. Notably 10 years ago, when ETH was valued at about $1.20, the foundation sent 84,513 ETH to this address. The significant unrealized gains from this recent transaction may indicate the start of a wave of long-term holders taking profits.
