In the last 24 hours, individuals who possess Ethereum (ETH) have transferred a total of 820,000 ETH, which is valued at more than $2 billion. Jump Crypto transferred more than $29 million for selling purposes and received a redemption of $48 million from Lido.
Additionally, Ethereum addresses that had been inactive for more than three years moved a total of $2 billion worth of Ethereum two hours ago, which is equivalent to 789,533 ETH. The origin of these assets may be traced back to the wallet named ‘Plus Token Ponzi 2’.
In 2020, this wallet sent 789,533 ETH to numerous other wallets. However, it has been inactive since April 2021. The recent news may have influenced the price of ETH, resulting in a 2.2% decline within the last hour.
This correction is the most substantial among the top 20 crypto based on market capitalization. Ethereum exchange-traded funds (ETFs) experienced favorable inflows, whereas Grayscale’s ETF, ETHE, witnessed a significant outflow of roughly $40 million yesterday. According to data from DefiLlama, Ethereum ETFs saw a daily trading volume of $265 million on Tuesday.
