Ethereum Foundation and its creator Vitalik Buterin transferred a significant amount of ETH to crypto exchange Kraken. Vitalik Buterin transferred 200 ETH, and Ethereum Foundation transferred 15,000 ETH. This raised concerns in the crypto community that the move could lead to a crash in ETH and meme coin prices, as similar large transfers by Ethereum Foundation have caused significant price drops in the past. Additionally, Buterin has a history of selling meme coins, which often leads to a drop in their value. Despite these concerns, ETH's price has increased by 3% in the last 24 hours, currently trading at $1,964.
(By Varinder Singh)