Ethereum's Glamsterdam upgrade is scheduled to activate on the Sepolia testnet on October 6 at 13:53:36 UTC, according to the Ethereum Foundation. The upgrade combines the Amsterdam execution-layer changes with the Gloas consensus-layer update, while Sepolia node operators must upgrade both execution and consensus clients before activation.
The newly created address moved about $39.7 million worth of Ether from the two exchanges over the period.
An Ethereum whale that bought 3,000 ETH at $18.80 eight years ago sold another 1,000 ETH for about $2.68 million on September 29, according to Lookonchain. The latest sale brings the holder's total disposals to 2,000 ETH worth $6.19 million, with the position delivering an estimated 156x return from its original purchase price.
Its remaining ETH gap is about $280 million at the company's reference price, against $672 million in reported cash and securities.
The Ether was valued at $3.91 million after being withdrawn from Aave. The wallet still held about $26.7 million in crypto assets.
Ethereum will activate Glamsterdam on Sepolia Oct. 6, testing changes to block building, parallel processing and gas pricing before mainnet.
ETH is on track to close the best September since 2016, after staging a strong recovery in derivative trading. Whales and accumulation also boost demand for ETH.
Ethereum trades near $2,706 above key moving averages, with analysts watching $2,640 support and $2,772 resistance as ETF inflows continue.
The wallet has sold 2,000 ETH for about $6.19 million and retains 1,000 ETH valued at roughly $2.67 million.
BitMine could reach 5% of Ether's supply by early November, while Tom Lee has left open whether it would continue buying beyond that level.
The withdrawals totaled $30.97 million at an average price of $2,667.46 per ETH. The address showed an unrealized gain of about $552,000.
Ethereum (ETH) currently sits at $2,665, registering a 1.53% decline on September 28.