Ethereum Whales Make Moves Ahead of ETF Launch 🐋
The crypto world is buzzing with excitement about the upcoming Ethereum ETF launch, and it seems like some big players are getting ready for the party. Two Genesis wallets, linked to the Ethereum ICO, have recently moved over 3,600 ETH to the Kraken exchange.
This kind of move is definitely raising eyebrows, especially with ETH already enjoying a price rally above $3,400. 🤔
More Than 3,600 ETH on the Move
Spotonchain, a blockchain transaction tracker, spotted the two whale activities. Here’s the breakdown:
* **Wallet 1 (0xdb3):** Moved 2,631 ETH to Kraken, totaling $9.01 million. This wallet originally received ETH from the Ethereum Foundation and the ICO back in 2014.
* **Wallet 2 (0xbf5):** Shifted 1,000 ETH to Kraken, worth $3.46 million. This wallet received its ETH from an ICO participant who originally got a whopping 100,000 ETH in 2015.
ETH Price Ahead of ETF Launch
The possibility of an Ethereum ETF launch is causing a stir. Some experts believe ETH could even outperform Bitcoin after the approval, which is scheduled for July 23rd. This buzz has pushed ETH’s price upwards.
As of this writing, ETH is trading at $3,472, up 1.89% in the past 24 hours. It’s approaching the $3,500 mark, but its daily trading volume has dipped slightly.
It’s worth keeping an eye on how ETH reacts in the coming days leading up to the potential ETF launch. 👀
