According to the online economy report, quoted by Sitna, the crypto market has once again been in the focus of traders’ attention with the sale and heavy transfer of assets of one of its key figures.
Buterin last transferred around 20,000 ETH to the Kraken exchange on November 11, 2021.
This happened almost at the same time as the historical top of the bull cycle. After that, ETH entered a bear market from the $4,800 range and lost more than 80% in the following months.
This action can cause the fall and withdrawal of capital from altcoins.
Solana, Avalanche, Arbitrum, Optimism and Memecoins will drop more than ETH and will have a direct impact on the downtrend of Bitcoin and consequently the entire crypto market.
