According to Scopescan data, the Ethereum Foundation recently converted 1,700 ETH (approximately $2.76 million) into USDC. In addition, the address associated with Vitalik Buterin has deposited a total of 4,400 ETH (approximately $7.23 million) to Bitstamp in the past 2 months. Although this is not enough to affect the price of ETH in terms of quantity and amount, it may affect investors' confidence in holding it in terms of sentiment.
The Ethereum Foundation is regarded by the community as the "master of escape." In May 2023, the address marked as the Ethereum Foundation transferred 15,000 ETH (worth approximately US$30 million) to the address marked "Kraken 5" on the chain. In May 2021, the Ethereum Foundation address transferred 35,053 ETH to the Kraken trading platform, which was worth approximately US$115 million at the time. In November of the same year, Bitcoin and Ethereum jointly hit record highs. The Ethereum Foundation transferred 20,000 ETH (approximately $90 million) to the Kraken trading platform. The market subsequently began a sharp correction and entered a bear market.
The Ethereum Foundation is regarded by the community as the "master of escape." In May 2023, the address marked as the Ethereum Foundation transferred 15,000 ETH (worth approximately US$30 million) to the address marked "Kraken 5" on the chain. In May 2021, the Ethereum Foundation address transferred 35,053 ETH to the Kraken trading platform, which was worth approximately US$115 million at the time. In November of the same year, Bitcoin and Ethereum jointly hit record highs. The Ethereum Foundation transferred 20,000 ETH (approximately $90 million) to the Kraken trading platform. The market subsequently began a sharp correction and entered a bear market.