According to @EmberCN, the Ethereum Foundation transferred 160,000 ETH (about USD 654 million) from its main wallet to its 0xc06 wallet roughly 7 hours before the Oct 22, 2025 post, with no subsequent actions reported at that time (source: @EmberCN). Over the past four months, prior outflows from the same 0xc06 wallet included 7,000 ETH provided to the nonprofit development group Argot Collective as operating funds, 10,000 ETH sold OTC to SharpLink, and 10,000 ETH sent to Kraken for sale (source: @EmberCN). The address cited for monitoring is 0xc06145782F31030dB1C40B203bE6B0fD53410B6d as referenced via Arkham Intelligence’s explorer, which is the wallet that historically executed the aforementioned distributions and sales (source: Arkham Intelligence via link provided by @EmberCN).

According to @EmberCN, a long-term Bitcoin whale who held 80,000 BTC for 14 years has initiated a significant transfer. The whale moved 40,000 BTC, with 18,343 BTC, valued at approximately $2.172 billion, being sent to Galaxy Digital. This movement strongly suggests a large Over-The-Counter (OTC) transaction, which would likely mitigate direct selling pressure and price impact on the open market compared to a sale on a public exchange.