Ethereum Slips Below $4,000 as Co-Founder Moves Millions to Kraken

Ethereum had a shaky ￰0￱ price of $ETH briefly dipped below the $4,000 mark before stabilizing around the same ￰1￱ press time, CoinMarketCap data shows Ethereum trading at $4,010, down 2.1% over the past 24 hours with a market cap of $482 ￰2￱ volume stands at $17.8 billion, reflecting heightened activity as the market digests new wallet ￰3￱ Wilcke Transfers Millions in ETH One wallet is drawing ￰4￱ data points to Ethereum co-founder Jeffrey Wilcke as the likely ￰5￱ today, this wallet deposited 1,500 ETH (≈$5.99M) into the exchange ￰6￱ comes on top of last week’s activity, where a total of 2,500 ETH (≈$10.3M) was transferred at an average price of $4,124.

Despite these outflows, the wallet still holds 2,058 ETH (≈$8.23M). While Wilcke has been relatively quiet in recent years compared to other Ethereum co-founders, movements of this size tend to spark ￰7￱ interpret them as profit-taking; others see them as simple liquidity management.) into #Kraken. Over the past week, this wallet has transferred a total of 2,500 $ETH ($10.3M) to Kraken at an average price of $4,124, and currently holds 2,058 $ETH … ￰8￱ — Spot On Chain (@spotonchain) September 25, 2025 Vitalik Buterin on Fusaka and PeerDAS Meanwhile, Ethereum’s most vocal co-founder, Vitalik Buterin, has been laying out the roadmap for ￰9￱ latest comments focus on Fusaka, an upgrade designed to supercharge Ethereum’s data ￰10￱ centerpiece is PeerDAS, a feature that allows nodes to verify and reconstruct blocks without holding full ￰11￱ simple terms, PeerDAS lets the network scale by ensuring data availability without overwhelming individual nodes.

“Blob counts will rise conservatively at ￰12￱ is the key to L2, and eventually L1, scaling,” Buterin wrote.) September 24, 2025 How PeerDAS Works The concept breaks traditional assumptions. Normally, a blockchain node downloads full data to verify ￰13￱ changes that. Instead, each node requests only a few “chunks”. By verifying these chunks, the node can probabilistically confirm whether more than 50% of the block’s data is ￰14￱ that condition is met, the node can use erasure coding to reconstruct the ￰15￱ drastically reduces the storage burden on individual nodes, while keeping the system secure and ￰16￱ Key Exceptions In its first release, Fusaka still requires full block data in two cases: ￰17￱ broadcasting, when a block is first shared across the network. 2.

Reconstruction, if a publisher submits 50% ≤ p Even then, the system doesn’t rely on a trusted ￰18￱ Buterin explained, only one honest node needs to perform this ￰19￱ if 100 others are dishonest, the protocol bypasses ￰20￱ nodes can perform this function for different blocks, keeping the system ￰21￱ Developments As Buterin Exposed Buterin emphasized that this is new and unprecedented ￰22￱ developers are taking a cautious approach despite years of research. That’s why blob counts, the amount of extra data Ethereum processes, will scale slowly at ￰23￱ time, the limits will rise more aggressively as confidence ￰24￱ roadmap includes cell-level messaging and distributed block building, which would eventually decentralize even the broadcasting and reconstruction tasks.

Ultimately, Fusaka is designed as the backbone for L2 scaling today and L1 scaling in the future, once Ethereum raises its gas limit and starts pushing execution data into ￰25￱ combination of Wilcke’s transfers and Buterin’s scaling roadmap paints a mixed picture for ￰26￱ one hand, large co-founder sell-offs often raise concerns about ￰27￱ the other hand, the Fusaka upgrade reinforces Ethereum’s commitment to long-term ￰28￱ are watching ￰29￱ $4,000 level has become a key psychological line for ETH ￰30￱ dips below could trigger further selling ￰31￱ sustained momentum above it could signal resilience, especially with major upgrades on the ￰32￱ sits at a critical ￰33￱ action reflects both near-term selling pressure and long-term ￰34￱ Wilcke’s multi-million-dollar transfers highlight the scale of liquidity moving through exchanges.

Meanwhile, Vitalik Buterin’s Fusaka vision outlines a future where Ethereum nodes scale efficiently without ￰35￱ market’s verdict is still ￰36￱ now, ETH holds steady near $4,000, a battleground between profit-takers and believers in the next phase of Ethereum’s evolution. Disclosure: This is not trading or investment ￰37￱ do your research before buying any cryptocurrency or investing in any ￰38￱ us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !