Two major entities, including an Ethereum ICO participant and Genesis Trading's bankruptcy wallet, have deposited a total of 8,510 Ethereum (ETH), valued at approximately $21.9 million, to centralized exchanges (CEXs). The Ethereum ICO whale, identified as "0xb8c," moved 3,510 ETH to Kraken after a three-month break but still holds a sizable amount of ETH in other wallets. The Genesis Trading wallet, known as "0x999," transferred 5,000 ETH to FalconX and still controls a significant amount of ETH. These transactions coincide with the fluctuating prices of ETH and Bitcoin (BTC), raising questions about the market sentiment and future trajectory. Market experts are observing how these transactions will impact the price of ETH, as it could prompt further trading or forced selling of positions, affecting the supply and demand of Ethereum. These transactions by major players serve as key indicators for future price movements in ETH and the overall crypto market.



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