Table of Contents

· Viitalik has sold ETH several times recently

· The Ethereum Foundation is regarded by the community as a "top escape master"

BlockBeats news, October 9, according to Scopescan data, the Ethereum Foundation has just exchanged 1,700 ETH (about 2.76 million US dollars) for USDC.

Viitalik has sold ETH several times recently

The address associated with Vitalik Buterin has 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 first 8 days, Vitalik seemed to transfer 1,602 ETH (2.68 million USD) to Bitstamp through the address "0x556" and sold 100 ETH for $173,000. On September 7, a certain address (0x5567…31B1) was monitored to have received about 999 ETH (about $1.64 million USD) from Vitalik's related address (0xD04d…8fd7) 4 days ago, and transferred 300 ETH (about $490,000 USD) to the trading platform Bitstamp on the previous night.

In the early morning of September 12, Vitalik's related address once again transferred 2,000 ETH to the address starting with 0x5567, with a value of approximately US$3.12 million. On September 19th, 22nd, and 25th, Vitalik's related addresses were monitored to transfer 300, 200, and 400 ETH, respectively, with a value of approximately US$1.44 million.

On October 7, according to Lookonchain monitoring, Vitalik's associated address transferred out 1,000 ETH (about 1.64 million US dollars) again, which may be deposited in Bitstamp.

Investment institutions regard this series of actions as negative signals.

Related reading: 《Secondary market data: ETH's recent price performance and direct influencing factors》

From the perspective of quantity and amount, this is not enough to affect the price of ETH. However, from an emotional point of view, it will affect investors' confidence in holding.

The Ethereum Foundation is regarded as a "master of escaping the top" by the community

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, the address marked as the Ethereum Foundation (0xde0B2) transferred 15,000 ETH (worth about $30 million) to the address marked as "Kraken 5" on the chain via the "0xd864" address.

On May 8, 2 whale addresses were detected selling a total of 19,090 ETH (worth about $35.7 million) on Uniswap.

Related reading: 《"The Master of Escape" sells coins again, PEPE increases 30 times in 20 days, has the market gathered two top signals? 》

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's history, with an intraday price range of 11,506 US dollars.

On November 10, 2021, Bitcoin and Ethereum jointly set a record high. 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.

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