Ethereum

Major

2024

Spot

<ul> 
 <li aria-level="1">Jeffrey Wilcke, cofounder of Ethereum, transferred 20,000 ETH to Kraken, valued at $72.5 million, amid a price surge.</li> 
 <li aria-level="1">Following Wilcke’s transaction, Ethereum price experienced an 8% increase, although it later fell by 2.07%, stabilizing at $3,615.</li> 
</ul> 
In a recent analysis by <a href="https://x.com/spotonchain/status/1862112844046848315">@spotonchain</a>, a big Ethereum transaction was highlighted, involving one of its cofounders, Jeffrey Wilcke. Wilcke transferred 20,000 ETH, valued at $72.5 million, to the Kraken exchange. 
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 Source: Spotonchain
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This comes amidst an 8% increase in Ethereum’s price over the last 24 hours, with a slight retraction of 2.07% following the peak, positioning the currency at $3,615. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Jeffrey Wilcke, <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a> co-founder, deposited 20,000 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> ($72.5M) to <a href="https://twitter.com/hashtag/Kraken?src=hash&amp;ref_src=twsrc%5Etfw">#Kraken</a> 30 minutes ago, just as <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> made a strong comeback today! 
 This is the fourth time he unloaded <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> in 2024, totaling 44,300 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> ($148M) at an average price of $3,342. 
 Follow <a href="https://twitter.com/spotonchain?ref_src=twsrc%5Etfw">@spotonchain</a> now and… <a href="https://t.co/zriXX9jbKD">https://t.co/zriXX9jbKD</a> <a href="https://t.co/iDEeptqrKI">pic.twitter.com/iDEeptqrKI</a> 
 — Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1862112844046848315?ref_src=twsrc%5Etfw">November 28, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
This is not the first time Wilcke has liquidated a <a href="https://www.ethnews.com/ethereum-regains-the-lead-in-tether-dominance-surpassing-tron-with-44-56-of-the-tether-supply/">large amount of Ethereum</a>; he has sold 44,300 ETH throughout the year at an average price of $3,342 per coin. The transaction history suggests a correlation between his sales and subsequent price increases for Ethereum. 
 Each sale this year has been followed by a notable rise in <a href="https://www.ethnews.com/ethereum-staking-sees-positive-net-flow-10000-eth-gained-with-115000-deposited-and-105000-withdrawn-last-week/">Ethereum’s market price</a>, which could indicate a pattern that traders might consider. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 90.8% of <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> holders are now in profit, the highest since June. 
 Interestingly, the 9.2% of holders still at a loss hold just 2.8% of the total supply. This suggests that potential sell pressure from this group may have a limited impact as <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> continues to trend upward. <a href="https://t.co/qG4Xgi0Cq3">pic.twitter.com/qG4Xgi0Cq3</a> 
 — IntoTheBlock (@intotheblock) <a href="https://twitter.com/intotheblock/status/1862085630760747179?ref_src=twsrc%5Etfw">November 28, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
In parallel, Ethereum’s broader market shows a significant uptick in holder profitability. According to a report by IntoTheBlock, 90.8% of Ethereum holders are now seeing profits not observed since June, marking a new half-year high. 
This statistic is especially relevant given the <a href="https://www.ethnews.com/will-ethereum-reach-14k-top-analysts-reveal-shocking-2025-price-targets/">eth performance</a> and could signal a robust period for Ethereum if the trend continues. 
Meanwhile Vitalik Buterin, also made headlines with his transfer of 340 ETH, worth approximately $1.094 million, to Coin Center, a nonprofit focusing on cryptocurrency policy. This transfer is part of Buterin’s ongoing practice of converting donations received in meme coins into Ethereum to support promising cryptocurrency projects.&nbsp; 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Vitalik Buterin (<a href="https://twitter.com/VitalikButerin?ref_src=twsrc%5Etfw">@VitalikButerin</a>) just sold 4 <a href="https://twitter.com/hashtag/memecoins?src=hash&amp;ref_src=twsrc%5Etfw">#memecoins</a> for 24.5 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> ($81.8K) and donated 320 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> ($1.07M) to Coin Center (<a href="https://twitter.com/coincenter?ref_src=twsrc%5Etfw">@coincenter</a>). 
 The meme coins that he sold include: • 330B <a href="https://twitter.com/search?q=%24LEDOG&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$LEDOG</a> ($36.7K) for 10.96 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> • 3.03T <a href="https://twitter.com/search?q=%24DOGC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGC</a> ($36K) for 10.8 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> • 19.95M #99 ($5.3K) for… <a href="https://t.co/YiYn7lKUAM">https://t.co/YiYn7lKUAM</a> <a href="https://t.co/xd1zYblO2l">pic.twitter.com/xd1zYblO2l</a> 
 — Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1861595774586626427?ref_src=twsrc%5Etfw">November 27, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
This action not only reflects Buterin’s commitment to the cryptocurrency sector but also his belief in supporting foundational cryptocurrency initiatives through substantial financial contributions. 
<div class="cryptoboxes" id="mcw-12523" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-chartcoin="ETH" data-chartcurrency="USD" data-chartrate="1.000268" data-charttype="chart" data-chartview="day" data-charttheme="light" data-chartsmooth="true" data-chartareacolor="" data-chartbgcolor=""></div>
</div> 
Ethereum (ETH) is currently trading at $3,570.3 USD, reflecting a daily decline of 2.39%. Despite the short-term pullback, Ethereum has shown strong growth over the last month, rising by 39.18%, and its year-to-date performance stands at an impressive 56.45%. Weekly gains are also significant, at 16.21%, highlighting its bullish momentum. 
Key Levels: 
<ul> 
 <li style="font-weight: 400;" aria-level="1">Resistance: The key resistance levels to watch are $3,650 and $3,685 USD. A breakout above these levels could push ETH toward the next target of $3,840 USD.</li> 
 <li style="font-weight: 400;" aria-level="1">Support: Immediate support is observed at $3,500 USD, with stronger support around $3,366 USD, where buyers are likely to re-enter.</li> 
</ul> 
The post <a href="https://www.ethnews.com/discover-how-an-ethereum-founders-major-sale-could-predict-the-next-crypto-boom/">Discover How an Ethereum Founder’s Major Sale Could Predict the Next Crypto Boom!</a> appeared first on <a href="https://www.ethnews.com">ETHNews</a>.

Discover How an Ethereum Founder’s Major Sale Could Predict the Next Crypto Boom!

ETHNews

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