Ancient Ethereum Wallets Unload a Lot of ETH Amid Major Price Breakout

As an experienced analyst, I find this situation intriguing and full of potential implications for the Ethereum market. The recent resurfacing of ancient wallets linked to Vitalik Buterin, the co-founder of Ethereum, and their connection to current transactions on Kraken, comes at a time when Ethereum prices are experiencing a significant surge.


As an analyst, I’ve come across a fascinating discovery: ancient wallets linked to Vitalik Buterin, the visionary co-founder of Ethereum (ETH), have recently emerged during this current wave of soaring Ethereum prices.

According to recent findings, approximately 200 ETH, which translates to around $600,000, originating from wallets previously associated with Vitalik Buterin’s projects, have been identified in a transaction involving the American cryptocurrency exchange, Kraken.

Nine years ago, I came across an intriguing story that started with an address, “0x5eD,” which initially funded Vitalik Buterin’s wallets. Following this significant transaction, approximately 2,000 ETH were quickly moved from “0x5eD” to another label, “0x2FE.” Remarkably, these ETH holdings lay untouched within “0x2FE” for almost a decade. Then, suddenly, they were transferred to yet another address, “0x9D2.”

As a researcher, I’ve uncovered some intriguing transactions in the Ethereum blockchain. Nine years ago, the address 0x5eD funded wallets belonging to Vitalik, transferring approximately 200 ETH, equivalent to around $600,000 at current prices, to Kraken just recently.— Arkham (@ArkhamIntel) May 17, 2024

In the intriguing story that has recently unfolded, a new development emerged just hours ago. The cryptic address labeled “0x9D2” returned 200 Ether to Kraken.

Ethereum (ETH) price outlook

As a crypto investor, I’ve noticed an intriguing pattern in my recent Ethereum (ETH) transactions. These trades took place during a robust upward trend in ETH’s price trajectory, making their timing particularly significant.

Ancient Ethereum Wallets Unload a Lot of ETH Amid Major Price Breakout

In today’s market trading, Ethereum‘s value has surged by nearly 6%, reaching its peak at $3,110 within the last two weeks. Notably, the past three days have seen a significant price shift, almost entirely counteracting the downward trend of the preceding nine-day span.

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The current mystery in the crypto sphere revolves around why wallets linked to Ethereum’s co-founders are transferring tokens to exchanges as the price of ETH escalates, with this activity occurring just a week before the anticipated Ethereum ETF decision.

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2024-05-17 19:42