Nearly a year after the 600 million FTX breach in crypto tokens, on-chain data revealed the latest activity on the perpetrator's wallet, identified as 0x3e957, on Saturday, September 30, 2023. This happened ahead of the Ethereum-based ETF launch in the United States.
Based on Spot On Chain's on-chain data, the perpetrator of the burglary recently activated his address after a long period. Currently, the wallet contains substantial amounts, namely 16.75 million US dollars (Rp259 billion) in Ether (ETH).
The data reveals two transactions where the perpetrator moved 2,500 ETH, each worth 4 million US dollars (Rp61.8 billion). Transfers like this are often related to sales activities, which have the potential to affect the price of ETH and affect small investors.
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In addition, the price of ETH could enter a bullish trend as soon as the launch of various Ethereum exchange-trained funds (ETF) products in the United States.
Several companies are awaiting approval from the US Securities and Exchange Commission (SEC), which may provide acceleration approval for up to nine ETF products on October 2.
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