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Ethereum Transfer from U.S. Wallet Fuels Talk of Incoming Dump

  • 86.56 ETH worth around $200,000 was moved from a U.S. wallet to a Coinbase Prime deposit address, sparking speculation of a potential market impact.
  • The funds came from a wallet linked to a 2022 asset seizure involving Chase Senecal alias 'Horror', known for NFT scams and hacking incidents.
  • Movements from government-controlled wallets are closely monitored for their market implications amid concerns of potential liquidation events.
  • Although the transfer occurred on Coinbase Prime, no sell order has been confirmed yet, and Ethereum's price has remained stable at around $2,530.

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