Key notes
- The Ethereum Foundation moved 1,000 ETH to Kraken.
- Several whale portfolios have moved millions of Eth to exchanges in recent days.
- The Ethereum price is negotiated near the key support in an increase in the volume and uncertainty of the market.
The latest market data show that a portfolio linked to the Ethereum Foundation transferred 1,000 ETH
Ethn
$ 1,627
24h volatility:
0.4%
COURTIC CAPESSION:
$ 196.42 B
Flight. 24 hours:
$ 14.90 B
Vrovees about $ 1.58 million at Kraken Exchange on April 22, 2025. The transfer, followed by Lookonchain, raised concerns in the cryptographic community, while Ethereum faces price instability and growing sales pressure.
A large transfer increases the eyebrows in the middle of an increasing sale pressure
Lookonchain’s data show that the transfer portfolio, identified as 0xddb… 121A, is not new for the Ethereum Foundation.
According to the update, the address received more than 84,000 ETH from the Ethereum Foundation about ten years ago. It was then that the play was negotiated at $ 1.20. Based on current prices, this amount is now worth around $ 134 million.
A portfolio linked to the Ethereum Foundation deposited 1,000 $ ETh($ 1.58 million) at #Kraken An hour ago.
This portfolio received 84,513 $ ETh($ 134 million now) from the Ethereum Foundation 10 years ago, when the price of $ ETh was ~ $ 1.2. pic.twitter.com/v0jsocf2a9
– Lookonchain (@lookonchain) April 22, 2025
In recent weeks, the portfolio has shown increased activity. He sent 5,000 ETH to the CUMBERLAND DRW sales company twice. The first transfer was estimated at $ 7.31 million and the second at $ 8.92 million.
These movements have aroused criticism from several corners of the cryptographic space, many expressing their concern about what seems to be a broader trend of great ETH holders. This could reflect a lack of confidence or preparation for a new drop in prices.
Adding to pressure, other whales also entered the market with significant sales. Coinspeaker indicated that an OG Ethereum had poured 10,702 ETH for around 16.86 million dollars after two years of inactivity.
Another, linked to World Liberty Financial, sold 5,471 ETH for $ 8.01 million. A third portfolio, inactive for seven years, transferred 2,000 ETH to Kraken, a transaction worth $ 3.11 million.
These sales and the movement linked to the Ethereum Foundation contributed to a broader feeling of prudence. This is also necessary that more ETH continues to reach exchanges.
The ETH price decreased as the wallet of the market watches foundation
From this publication, Ethereum is at the price of $ 1,616.98, down 1.61% in the last 24 hours. According to CoinmarketCap, the volume of exchanges increased sharply by 33.73% to 15.85 billion dollars, indicating an increased market activity and possibly a sale focused on fear.
Ethereum’s price table shows that cryptocurrency has made a series of lower ups and lower lows, signaling a downward trend. However, the second largest digital asset has been traveling on the side for 10 days despite this. Based on the general market perception, this could lead to a volatile decision that could reverse the current trend.
This movement linked to the beach suggests that volatility is compressed and a break could trigger a significant price movement. With $ 1,504 serving as a key support level, there is a good chance of moving upwards. However, the prices of Ethereum prices remain neutral given the uncertainty concerning Trump’s tariff tension.
In other news, the co-founder Ethereum Vitalik Buterin proposed a new confidentiality roadmap to normalize private transactions. The roadmap, published on April 11 at the Ethereum Magician Forum, aroused interest. However, the integration of zero knowledge technology may not be easy as recognized by many on the market.
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Non-liability clause: Coinspeaker undertakes to provide impartial and transparent reports. This article aims to provide precise and timely information, but should not be considered as financial or investment advice. Since market conditions can change quickly, we encourage you to check the information for yourself and consult a professional before making decisions according to this content.
Benjamin Godfrey is a blockchain enthusiast and a journalist who savor the writing of actual applications for blockchain technology and innovations to stimulate general acceptance and global integration of emerging technology. His desire to educate people on cryptocurrencies inspires his contributions to renowned media and blockchain sites.
