New Developments in the Crypto Market
According to data released by blockchain monitoring platform Lookonchain on February 3rd, Ethereum co-founder Vitalik conducted a significant ETH sell-off over the past 8 hours. The transaction involved a total of 493 ETH, which is valued at approximately $1.16 million based on the current market price.
Impact on the Market
This move has attracted significant attention within the crypto community. Some analysts believe it may be part of Vitalik’s personal asset adjustments, while others speculate whether it relates to market trends or project developments. Either way, the transaction highlights the high volatility and dynamic nature of the cryptocurrency market.