Ethereum Foundation Transfers Large Amount of ETH, Price Drops 13% in 6 Days
Publication Time:2024-08-24 08:43:07
According to on-chain analyst Jinju, the Ethereum Foundation address conducted a large-scale transfer operation 7 hours ago, transferring 35,000 ETH to Kraken. This is not the first time the Ethereum Foundation has performed such an operation; on May 6 last year, they transferred 15,000 ETH to Kraken, causing the price of ETH to drop by 13% over the next 6 days, from $2,006 to $1,740. This event has once again sparked discussions about the potential impact of large-scale operations by the Ethereum Foundation on the market.
Ethereum
Price Fluctuation
large transfer