A significant event in the cryptocurrency world: a major Ethereum holder moved 15,000 ETH to the Kraken exchange, valued at approximately $38 million, sparking substantial interest within the crypto community.
Major Transaction
An investor known for their steadfast investment strategy recently moved 15,000 ETH to Kraken, valuing the transaction at $38 million. This move has garnered significant attention.
Transaction History
This investor, often referred to as 'diamond hands,' regularly makes such transactions before significant price drops. They previously moved 10,000 ETH shortly before a 7.6% price drop on July 25 and 15,000 ETH ahead of another decrease on August 20.
Market Reactions
The investor's portfolio now holds 26,639 ETH, valued at $69.7 million. The crypto market, particularly Ethereum, showed strong performance in recent weeks, coinciding with the U.S. Federal Reserve's decision to cut rates by 50 basis points.
These events highlight the significance of monitoring the moves of large cryptocurrency holders and their potential impact on the Ethereum market.
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