Vitalik Buterin's associated addresses have deposited a total of 4,400 ETH (approximately US$7.23 million) to Bitstamp in the past two months. The Ethereum Foundation's sale of ETH this time may be another "top escape signal."
According to BlockBeats, on October 9, according to Scopescan data, the Ethereum Foundation exchanged 1,700 ETH (approximately US$2.76 million) for USDC.
Viitalik has sold ETH several times recently
Vitalik Buterin's associated addresses have deposited a total of 4,400 ETH (about $7.23 million) to Bitstamp in the past two months.
BlockBeats reported that on September 3, Vitalik transferred 999 ETH (US$1.63 million) from address "0xD04" to address "0x556". In the previous 8 days, Vitalik seemed to transfer 1,602 ETH (US$2.68 million) to Bitstamp through address "0x556" and sold 100 ETH for US$173,000. On September 7, an address (0x5567...31B1) was monitored to have received about 999 ETH (about US$1.64 million) from Vitalik's related address (0xD04d...8fd7) 4 days ago, and transferred 300 ETH (about US$490,000) to the trading platform Bitstamp on the previous night.
In the early morning of September 12, Vitalik's related address transferred 2,000 ETH to the address starting with 0x5567 again, with a value of approximately $3.12 million. On September 19, 22, and 25, Vitalik's related address was monitored to transfer out 300, 200, and 400 ETH, respectively, with a value of approximately $1.44 million.
On October 7, according to Lookonchain monitoring, Vitalik's associated address transferred out another 1,000 ETH (about 1.64 million US dollars), which may be deposited in Bitstamp.
Investment institutions view this series of actions as negative signals.
In terms of quantity and amount, this is not enough to affect the price of ETH. However, in terms of sentiment, it will affect investors' confidence in holding.
The Ethereum Foundation is regarded by the community as a "top escape master"
BlockBeats reported that less than two hours after the Ethereum Foundation sold ETH, Ethereum fell below $1,600, a 24-hour drop of 1.87%.
On May 6, 2023, an address marked as the Ethereum Foundation (0xde0B2) transferred 15,000 ETH (worth approximately US$30 million) to an address marked as “Kraken 5” on the chain via the “0xd864” address.
On May 8, two whale addresses were monitored to sell a total of 19,090 ETH (worth approximately US$35.7 million) on Uniswap.
On May 17, 2021, the Ethereum Foundation address (0xde0B2) transferred 35,053 ETH to the address starting with 0x5A70c5 at 15:47 on the same day, and transferred it to the Kraken trading platform 1 minute later, which was worth about 115 million US dollars at the time. On May 19, the Bitcoin market experienced the most significant liquidity event and price decline since Black Thursday in March 2020. The event created the largest daily negative line in Bitcoin history, with an intraday price range of 11,506 US dollars.
On November 10, 2021, Bitcoin and Ethereum both hit record highs. The Ethereum Foundation transferred 20,000 ETH (about 90 million US dollars) to the Kraken trading platform at 22:56 on the same day. The market started a sharp correction and officially entered a bear market amid many thunderstorms.
