Two dormant Ethereum wallets reactivated after six years, moving a total of 135,548 ETH valued at approximately 400 million USD to Bitfinex. This transfer occurred mere hours before a notable market downturn, raising speculation about the motives behind the transaction.
Following the funds’ movement, ETH’s price experienced a sharp decline of 19.9% within 24 hours, amid fears linked to increased tariffs introduced by the Trump administration. This economic backdrop prompted significant panic selling, affecting both traditional and crypto markets.
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