Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Coinpedia Fintech News on May 06, 2023, 12:50:46 PM
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The recent transfer of 15K ETH by Ethereum creator Vitalik Buterin and the Ethereum Foundation to Kraken exchange has raised concerns among cryptocurrency investors. Some speculate that an impending ETH crash may be on the horizon, leading to fear, uncertainty, and doubt (FUD) in the crypto community.
PeckShieldAlert reported that Vitalik Buterin's address, vitalik.eth, sent 200 ETH to Kraken, marking the sixth similar transaction in the past two months. The Ethereum Foundation also followed suit, transferring 15K ETH to the exchange.
This isn't the first time that a sizable transfer has occurred between the Ethereum Foundation and Kraken. In November 2021, the Foundation transferred 20,000 ETH to Kraken, which caused the price of ETH to plummet by 40% within two months after cashing out near its all-time high.
As history may repeat itself, many investors are keeping a close watch on the market dynamics and are wary of a potential ETH price crash. They're also curious about the next moves by the Ethereum Foundation and Vitalik Buterin, especially as meme coins continue to rise in popularity.
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I was also reading today that both Ethereum foundation and Vitalik Buterin has recently sold some large chunk of ethereum and selling like this usually is followed by dump so lets see how low market can go.