In the latest Ethereum news, it has been reported that one of the main reasons for the fall of Ethereum after conquering the peak of $2000 was the sale of Ethereum by Vitalik Buterin, the founder of this coin.
Some time ago, on May 5 (May 15), the LookOnChain user account announced the transfer of 200 Ether from the vitalik.eth address, the domain owned by the co-founder of Ethereum, to the Kraken digital currency exchange.
After this event, Butrin Ethereum Foundation transferred 15,000 Ethereum worth 30 million dollars to this exchange.
These large transfers attracted the attention of Ethereum holders and traders, and this caused the news of the Ethereum crash to accelerate among Ethereum users.
At the same time, the Ether Foundation did not tweet a reason for this transfer of Ethereum by Buterin, but in the previous sales made by Vitalik Buterin, the reasons for it were also raised, but this time it is not yet clear what Buterin’s reason for selling It has had its own Ethereums.
Large holders of digital currencies, including Ethereum, transfer their holdings from time to time, and any transfer to centralized exchanges is of course interpreted as a bearish signal. Vitalik may also sell ether for reasons such as project operating costs or investing in other projects, but this time the reason for his transfer is not clear.
As you follow Ethereum daily news on our website, prominent analysts criticized Ethereum and its fall and its difference with Bitcoin in relation to the news of the sale of Ethereum by Vitalik Buterin.
Santiment believes that the path of Ether will probably diverge from Bitcoin, and we may soon see the price of Ether rise and cross $2,000.
Data from Sentiment, a leading company in the field of on-chain data analysis and presentation, indicates a significant increase in Ether transfers to cryptocurrency exchanges over the past few months.
Vitalik Buterin’s reasons for Ethereum’s support for its downfall
The news of the sale of Ethereum by Vitalik Buterin can make Ethereum fall, but there are important reasons that prevent the heavy fall of Ethereum, which we have mentioned below.
The European Investment Bank (EIB) has announced the issuance of its first digital bond on the Ethereum blockchain. An issue that is considered a very important turning point for this digital currency.
The increase in acceptance and token burning of Ether following the special attention of users to meme coins can stabilize the price of Ether above the key supports in the coming days.
Memecoins, and in particular the PEPE memecoin, burned an unprecedented amount of Ether last week. Many meme coins are located on the Ethereum network, and their continuous transfer, due to their high transaction fees, helps to increase the amount of Ether token burning and reduce the supply of Ethereum.
The news of the sale of Ethereum by Butrin always brings the fear of a heavy fall of Ethereum to traders, and this, apart from the supporting reasons of Ethereum, produces a falling rally.
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