Surprising transfer: Ethereum wallet worth $ 116 million changes owners and raises questions about the market effect

Surprising transfer: Ethereum wallet worth $ 116 million changes owners and raises questions about the market effect
A sudden transfer of $ 116 million has lit up the crypto community and raised questions about the potential effect on the Ethereum market. The Ethereum Wallet, which was created during the pre-mining phase, had accumulated a total of 61,216 ETH. At the time, these tokens had a value of around $ 18,976. Due to the exponential growth of Ethereum, the value of this token has now increased by more than a thousand times.
The ETH was collected as part of a unique sales event in June 2014, in which early team members and co -founders had the opportunity to acquire ETH in advance. The value of these tokens was $ 18,976 at the time and today rose to around $ 116.9 million.
The surprising transfer of this long inactive ETH to an address connected to the Kraken crypto exchange, marks the end of an eight-year resting phase and has aroused the interest of the crypto community. The community wants to understand the possible effects of this action.
As a rule, large transfers of a cryptocurrency to an exchange indicate an intention to sell and can lead to a drop in prices. However, it is important to note that not every large deposit on the stock exchange inevitably leads to a drop in prices. It is possible that the person or organization that the ETH transmits does not sell immediately or decides to make a gradual sale to minimize the effects on the market.
The identity of the wallet owner remains a mystery, but your careful approach is remarkable. You sent a small test transaction of 0.05 ETH to the octopus address before you have transferred the entire supply. This shows a certain degree of caution to avoid human mistakes that could lead to great losses.
The transaction also emphasizes the value of the "Hodling", a strategy that aims at the long-term accumulation of crypto tokens. It shows how patience in the volatile world of cryptocurrencies can lead to significant profits.
So far, there are no signs that the wallet owner has taken steps to sell his ETH. The Ethereum Prize has increased by 0.7% in the last 24 hours. The current price for Ethereum is $ 1,910 with a trading volume of $ 7.4 billion in the last 24 hours.It remains to be seen how this transfer will affect the Ethereum market and whether there is a significant drop in prices. The crypto community will pursue this event with interest in analyzing possible effects and developments.