Three new wallets have withdrawn 4,920 ETH, valued at $16.25 million, from Tornado Cash, selling the cryptocurrency at approximately $3,302 per coin. These transactions follow significant 2024 deposits of 162,937 ETH, worth $619 million, linked to Richard Heart, founder of HEX, PulseChain, and PulseX. Analysts suggest the transaction pattern may indicate a layering process, a method used to obscure the origins of funds. Meanwhile, Ethereum has experienced a 13.06% decline this week, with its price dropping to $3,353.68 and a 2.53% decrease in market capitalization to $404.77 billion.
$16.25M in Ethereum Withdrawn from Tornado Cash Amid Market Decline
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