Community Ethereum (ETH) is full of confusion about the blockchain founder Vitalik Buterin moved a significant portion of his assets between wallets.
Lookonchain, a platform for tracking large crypto transactions, published details of Buterin’s fund transfers on social media.
According to Lookonchain, Buterin transferred 1009 ETH worth $2,94 million. The transaction involved moving altcoins from one wallet to another, unaffiliated with the exchange, but the community panicked about a possible ETH sell-off.
On the one hand, traders can be understood, since trading volume remains in the red zone, having decreased by 21,56% to $21,8 billion. The reluctance of traders and investors to actively interact with Ethereum caused it to fall below $3000.
On the other hand, the price of Ethereum has gained 0,6% today and is very close to the $3000 level ($2927). Over the past seven days Altcoyin maintains a loss of 4,3%.
Ethereum price change over the past 7 days. Data from CoinGecko
Despite these fluctuations, institutional giant BlackRock is aggressively selling off ETH. On November 24, BlackRock deposited 36,283 ETH into a Coinbase Prime account. This move also sparked heated discussions in the crypto community.
If Bitcoin However, it will still recover by the end of the year and show growth in 2026; the long-term forecast for the number one altcoin is favorable.