{"id":530263,"date":"2023-05-07T04:58:29","date_gmt":"2023-05-07T04:58:29","guid":{"rendered":"https:\/\/ktsl888.com\/?p=530263"},"modified":"2024-06-11T14:36:06","modified_gmt":"2024-06-11T14:36:06","slug":"vitalik-buterin-and-ethereum-foundation-selling-eth-will-prices-fall","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/vitalik-buterin-and-ethereum-foundation-selling-eth-will-prices-fall\/","title":{"rendered":"Vitalik Buterin And Ethereum Foundation Selling ETH – Will Prices Fall?"},"content":{"rendered":"

Ethereum supporters are confident that prices will break the $2,000 level. However, recent moves by its founder, Vitalik Buterin, and the Ethereum Foundation, the team managing the smart contracting platform, raises concerns, especially from coin holders and traders, on whether the coin has what it needs to break above key resistance levels.<\/p>\n

ETH Transfer Raises Concerns Among Investors<\/h2>\n
On May 5, a tracker, LookOnChain, noticed that Vitalik.eth, the domain associated with Ethereum co-founder Vitalik Buterin, transferred 200 ETH, which is worth about $400,000 at current valuation, to Kraken, a cryptocurrency exchange.<\/p>\n
Related Reading: New \u201cEthereum Killer\u201d SUI Launches Today, What You Need To Know<\/a><\/div>\n
Shortly after that, the Ethereum Foundation also made a much larger transfer, moving 15,000 ETH, worth about $30 million, to the same platform.<\/p>\n
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After vitalik.eth transferred 200 $ETH<\/a>($396K) to #Kraken<\/a>, ETH Foundation also transferred 15,000 $ETH<\/a>($29.7M) to #Kraken<\/a>.https:\/\/t.co\/FPVeH3Z8sJ<\/a>https:\/\/t.co\/AHALnpKtxd<\/a> pic.twitter.com\/iLIHghJUIX<\/a><\/p>\n
— Lookonchain (@lookonchain) May 6, 2023<\/a><\/p><\/blockquote>\n