Recent actions by the Ethereum Foundation and a major investor have sparked extensive discussion in cryptocurrency markets.
Ethereum Foundation Transfer
According to Lookonchain, a wallet associated with the Ethereum Foundation recently transferred 2,500 ETH to Bitstamp. This wallet had received 51,251 ETH from the foundation back in 2015. Such activity raises questions about transparency in asset management by the foundation.
ICO Whale Sale
An ICO whale has just deposited 5,000 ETH to Kraken, equivalent to $12.14 million. Since September, this investor sold a total of 50,000 ETH, raising $101 million.
Ethereum Market
At the time of writing, Ethereum is trading at $2,425. These large transactions draw attention to the state and prospects of the ETH market.
The actions taken by the Ethereum Foundation and a major investor highlight the importance of transparency in asset management, particularly in volatile markets.