An ETH ICO investor who participated in the initial offer of initial parts of the project sold 76,000 units of digital currency, fueling the speculation of what it means for the Ethereum price. . This sale, after a decade of rascals, raised concerns on the market for digital assets concerning feeling among ETH whales.
The sale of ETH ICO whales
According to a X Update From @ AI_9684XTPA, the first Ethereum backer bought each ETH for only $ 0.31 per room. This previous investor has now completed a two -week sale. The final transfer occurred shortly after the social media platform made development known. The report shows that 2,000 ETH were sent to Kraken for $ 3.66 million.
It should be noted that this transfer has followed several large transactions. On April 30, the Whale ETH ICO moved 3,000 ETH for the Crypto exchange For $ 5.39 million. 3,000 other ETH went to the scholarship on May 2, collecting $ 5.53 million. Three days before that, a similar transaction brought in $ 5.39 million.
The first step in these two weeks was to send 8,000 ETH, worth around $ 12.74 million, to another portfolio. Smaller movements, such as 0.01 ETH worth $ 15.93, were also recorded.
Another notable transaction involved 6,000 ETH, valued at around $ 9.55 million. With the ETH negotiating at $ 1,834.18 on the day of the final transfer, taking the whale decade was reimbursed. These massive sales often trigger panic, especially when they come from long -term holders.
Involvement for Ethereum Price
To date, the Ethereum price is under slightly down pressure. The room has seen a removal of its high value of more than $ 2,000 over $ 2,000.
Coinmarketcap data show that the price was negotiated at $ 1,831.0, marking a 1.72% drop in the last 24 hours. In addition to the sale of ETH ICO investors, the general activity of whales suggests that institutional trust increases.
For example, in the past three weeks, ETH whales have accumulated the roomspending more than a billion dollars.
However, there are signs of weakness on Ethereum price graphics. A divergence to be used by the RSI suggests that more corrections can be close. Analysts predict whether the momentum fails to resume, Ethereum could review the range of $ 1,400, although some remain hopes for a rebound at $ 2,000, or even $ 4,000 if the market feels changes.
Simplicity plans Vitalik Buterin
In other news, in addition to the sale of ETH ICO whales, the co-founder of Ethereum Vitalik Buterin proposed a major overhaul of the structure of the blockchain. In a new plan, he aims to simplify Ethereum so that it is as understandable as Bitcoin.
He thinks that the system is too complex, resulting in high development costs and increased security risks. His proposal includes the redesign of both consensus and execution layers.
This includes the transition to 3 plans purposes and the replacement of the Ethereum virtual machine with a simpler model like Risc-V. Although this may not immediately affect the price of Ethereum, Buterin expects that this can bring long -term advantages and renewed confidence in the future of the protocol.
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who are enjoying writing on the actual applications of blockchain technology and innovations to stimulate general acceptance and global integration of emerging technology. His desires to educate people on cryptocurrencies inspire his contributions to the media and sites based on renowned blockchain. Benjamin Godfrey is a lover of sport and agriculture. Follow him X,, Liendin
Warning: The content presented may include the author's personal opinion and is subject to the market state. Do your market studies before investing in cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.
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