Ethereum Co-Founder Transfers Coins Worth $41M To This Exchange Amid Binance-SEC Lawsuit
Portfolio Pulse from Mehab Qureshi
Ethereum co-founder Jeffrey Wilcke transferred 22,000 ETH ($41.1 million) to Kraken exchange hours after the SEC filed charges against Binance for alleged securities violations. Wilcke's address still holds over 150,000 ETH ($280 million).
June 06, 2023 | 3:41 am
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NEGATIVE IMPACT
Bitcoin and other major cryptocurrencies experienced a decline following the SEC lawsuit against Binance, potentially affecting BTC price.
The SEC lawsuit against Binance has led to a decline in the prices of Bitcoin and other major cryptocurrencies. This negative sentiment in the market could continue to put downward pressure on BTC price in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Ethereum co-founder's transfer of 22,000 ETH to Kraken may signal concerns amid Binance-SEC lawsuit, potentially affecting ETH price.
The transfer of a large amount of ETH by Ethereum's co-founder to Kraken exchange occurred shortly after the SEC filed charges against Binance. This may indicate concerns about the regulatory environment and could lead to increased selling pressure on ETH, negatively impacting its price in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80