Vitalik Buterin, the co-founder of Ethereum, is facing fresh scrutiny after a linked wallet transferred 7,000 ETH ($11.06M) to a new address on June 27th.
The transaction was recorded just two hours ago and has sparked interest in the crypto community.
On-chain data from lookonchain shows the move, echoing prior activity from Buterin.
Ethereum's price is currently trading at $1580.25 inside a bearish structure with its price below both the EMA50 ($1647.72) and EMA200 ($1811.76).