POAP Founder: Deposits $45.86M ETH to Gemini

Patricio Worthalter, founder of POAP Protocol, sent another 10K ETH valued at $25.05M to Gemini, pushing cumulative deposits to 18K ETH or $45.86M across the last nine days according to Onchain Lens.

He retains 20.964K ETH at $52.72M plus 19.994K WETH at $50.2M for a combined $102.92M position.

ETH trades at $2516.53 on the four-hour chart inside a bearish structure defined by the EMA50 at $2548.49 and EMA200 at $2572.4. Momentum sits neutral with RSI at 48.77 while MACD registers a bullish golden cross at -8.68. Price now tests the upper Bollinger band at $2568.17; a rejection here would likely drive a retracement toward the EMA50 support at $2548.49 before any sustained move higher, with the lower band at $2467.96 acting as the next volatility exhaustion target.