Ethereum Price Drops As ETH Foundation’s $654M Move Triggers Sell-Off Concerns
The Ethereum price fell a fraction of a percent in the last 24 hours to trade at $3,858.54 as of 4 a.m. EST on a 36% increase in trading volume to $49.69 billion. That came amid controversy within the ETH ecosystem as the Ethereum Foundation moved over $654 million worth of ETH into a wallet typically used for large-scale sales, sparking concerns of a dump that could impact the market. THE ETHEREUM FOUNDATION JUST TRANSFERRED $650M $ETH The Ethereum Foundation just transferred $654M of ETH to a wallet used for selling in the past. This wallet has only made significant transfers to: Kraken Deposit SharpLink Gaming A Multisig that sells ETH pic.twitter.com/hqdQINzx0P — Arkham (@arkham) October 21, 2025 The sudden transfer was significantly larger than prior foundation moves and comes at a time when investors are already anxious A much smaller ETH sale last month barely moved the market, but this time traders are bracing for a potential bigger impact. The fear is that...