Ethereum Whale War: $36M Bet as Foundation Moves $11M ETH
A Bitcoin Whale Just Dumped $34 Million of BTC to Go All-In on Ethereum — While Foundation-Linked Wallets Shipped $11M of ETH to Kraken Co-produced by Daniel Aharonoff and DigitalDan As the chief editor of ethdan.me, I have a front-row seat to the wildest on-chain theater in crypto — and today, Monday, October 12, Ethereum put on a show. Two giant wallets moved tens of millions of dollars of Ethereum in opposite directions within hours of each other. One mysterious Bitcoin whale dumped over $34 million worth of BTC and stacked 14,341 ETH. At almost the same moment, wallets linked to the Ethereum Foundation sent 4,393 ETH — worth about $11.13 million — to the Kraken exchange, which is where coins go when someone is getting ready to sell. So which is it — is smart money loading up on ETH, or quietly heading for the exits? That is the whale war playing out on-chain right now, and if you hold any Ethereum, you should understand both sides of it. The $36 Million Rotation: A Bitcoin ...
