Increasing Ethereum activity alerts the market

     Some famous as well as notorious wallets are suddenly dumping assets for Ethereum or just moving to Ethereum; this has alerted the market.

Vitalik Dumps Maker for Ethereum

     500 MKR were exchanged via CoWswap for 350 ETH by an address identified as Vitalik Buterin's wallet . Uncertainty surrounds the transaction, which Vitalik carried out to raise his ETH holdings after holding those MKR for two years.

FTX Dumps Assets for Ethereum

     Through bridges like Wormhole, the Solana address that was identified as an FTX cold wallet is transferring assets including LINK, SUSHI, LUNA, and YFI to Ethereum. Who is carrying out those transactions for FTX has not been made apparent.

ETH HODL & Stake is Increasing

     Many known and unknown whales, platforms, and companies are stockpiling their ETH wallets. Being PoS, staking ETH, and getting rewarded is also gaining popularity. The latest example is Robinhood, which has overtaken Arbitrum Bridge to become the fifth largest ETH holder.

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