A famous on-chain analytics firm that tracks large crypto transactions, Whale Alert, has revealed that two whale Ethereum transactions have occurred in the last 16 hours. Whale Alert revealed that each of the transfers was 400,000 ETH, and they switched hands between two anonymous wallet holders.
Whale Alert Twitter Revelation. Source: Twitter
Another top analytics firm, Santiment, had earlier revealed that whales continue to buy more Ethereum as its price declines. Now, the whales control about 21% of the whole eth supply. Furthermore, Santiment (an on-chain analytics firm) revealed that Ethereum miners now own about 123,000 ETH as they have resumed eth accumulation after making some massive sell-offs over the last 30 days.
However, this figure is still low compared to the late first quarter of this year when miners held about 163,500 ETH. As of this writing, Ethereum trades below the $1,950 levels and is being sold at around the $1,874 range. It is believed that the august 4, 2021 London hard fork will cause a rally in ETH price.
Anthony Di Lorio Wants To Leave The Crypto Space
One of the founding members of Ethereum, Anthony Di Lorio, has revealed that he would soon leave the crypto space. Di Lorio cited safety as his reason for leaving. But failed to disclose any further details. Di Lorio said he prefers to be a “guy that solves difficult problems” to being a crypto guy.
Di Lorio, Charles Hoskinson, Vitalik Buterin, and Gavin Wood joined forces to develop Ethereum eight years ago. While Wood and Hoskinson left Ethereum to develop Polkadot and Cardano, Di Lorio also left Buterin to form Decentral.
Ethereum is now one of the top building blocks of several projects and is now valued at almost $226 billion. Like Wood and Hoskinson, Di Lorio also left Ethereum to launch decentral (a Canada-based decentralized tech firm) which rose to prominence by launching a crypto wallet named Jaxx. Over one million new customers have been added to the Jaxx family this year alone.
Di Lorio is also an advisor for many crypto-based startups. He plans to receive payments for the sale of his decentralized platform in cash and not crypto. Di Lorio is toeing the line of Jackson Palmer, a co-founder of Dogecoin, who also called it quits with the crypto world. However, Palmer cited capitalism such as inequality, fraud, and corruption as his reasons for leaving.
Aave Founder Suggests Building ‘Twitter On Ethereum’
Recently, Twitter and Square Inc. CEO, Jack Dorsey, revealed that it is developing a bitcoin-based financial services project with similar features to Aave. Now, Stan Kulechov, Aave founder, has revealed that Aave might also develop an Ethereum-centric twitter.
Jack Dorsey Tweet. Source: Twitter
Kulechove’s response. Source: Twitter
Though it is unclear whether Kulechove is serious about his proposition, he has suggested that his co-founder Jordan Lazaro Gustave would head the new project. The demand for Aave’s services has soared its popularity, especially as institutional investors became more interested in these services.
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