Golden Finance reports that the Ethereum Foundation has transferred approximately 160,000 ETH (equivalent to 654 million USD) into a wallet that was previously used for selling ETH. Arkham Intelligence noted that this wallet has only made large transfers to Kraken, SharpLink Gaming, and a multi-sig addresses that sells ETH in the past. Hsiao-Wei Wang, Co-Executive Director of the Foundation, responded on social media that this transfer is part of an established wallet migration plan.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
The crypto market sector is broadly down, while the ETH and GameFi sectors are relatively resilient
On April 2, the crypto market broadly fell, with the RWA and Layer 1 sectors down 1.71% and 1.66%, respectively. Bitcoin fell 0.75% to $68,000, while Ethereum inched up 0.15%. The GameFi sector performed better, rising 0.71%. Most other sectors trended downward.
GateNews11m ago
Over the past 24 hours, the entire network experienced liquidations totaling $375 million, with long positions liquidated for $204 million.
Gate News message. April 2, according to Coinglass data, liquidations across the entire network over the past 24 hours totaled $375 million, including $204 million liquidated on long positions and $170 million liquidated on short positions. In detail, Bitcoin had $51.7929 million liquidated on long positions and $41.8973 million liquidated on short positions; Ethereum had $42.568 million liquidated on long positions and $47.1016 million liquidated on short positions.
GateNews19m ago
ETH 15-minute dip of 1.01%: Selling pressure concentrated and released, triggering a short-term net outflow
From 02:00 to 02:15 (UTC) on 2026-04-02, ETH experienced a significant decline. Over 15 minutes, the return was -1.01%. The price fluctuated between 2078.19 and 2100.1 USDT, with an amplitude of 1.04%. Short-term trading was active, market attention increased, and volatility intensified.
The main driver behind this movement was that the sell-side order proportion on a certain trading platform's order book rose to 63%, while buy orders weakened significantly, directly triggering the price decline. At the same time, during this period, capital flowed out net, buy-side support was insufficient, and the concentrated selling pressure led to a sharp short-term decline in ETH.
GateNews35m ago
Drift Protocol hacker swaps 129,000 ETH for tokens and launders the stolen funds cross-chain
Drift Protocol was hacked on April 1, when attackers stole about $285 million in assets, setting the record for the largest loss in DeFi security incidents in 2026. The hackers quickly converted funds to ETH and split up storage, increasing the difficulty of recovery. The industry is currently pessimistic about the likelihood of funds being recovered. This incident will intensify regulatory pressure on the DeFi industry and force developers to strengthen smart contract security.
MarketWhisper41m ago
ETH falls below 2100 USDT, down 0.13% over 24 hours
Gate News reports that on April 2, data from a certain CEX exchange showed that ETH fell below 2100 USDT, currently trading at 2099.99 USDT, with a 24-hour decline of 0.13%.
GateNews51m ago
Giant whale pension-usdt.eth newly opened a 20,000 ETH short position, and added to the BTC short position to 750 units
Gate News message: On April 2, according to Onchain Lens monitoring, the whale address pension-usdt.eth has newly opened a 3x leveraged short position of 20,000 ETH, while increasing its 3x leveraged short position in BTC to 750 coins. The combined value of the two positions is $92.4 million. Currently, the whale’s floating profit exceeds $1.6 million, and its total profit has already surpassed $32.0 million.
GateNews57m ago
