Can ETH reach $3,000 after POAP founder moves $10.8M?
Ethereum has held near $2,730 after POAP founder Patricio Worthalter deposited 4,000 ETH worth $10.79 million into Gemini, while weekly momentum indicators remain bullish. Lookonchain reported on Oct. 5 that Worthalter transferred the 4,000 ETH to Gemini roughly eight hours before its post. On-chain analyst Ember separately reported that Worthalter still controlled 54,967 ETH worth close to $149 million following the transaction. Patricio Worthalter(@worthalter) deposited 4,000 $ETH($10.79M) into #Gemini 8 hours ago.https://t.co/fqbXjjgoMm pic.twitter.com/zqCYgHzmx8 — Lookonchain (@lookonchain) October 5, 2026 The transfer shows ETH moving onto a centralized exchange but does not prove Worthalter sold the coins. No transaction data reviewed for this report confirms a sale after the Gemini deposit. POAP founder moves $10.79 million in ETH to Gemini Worthalter‘s 4,000 ETH transfer represents only a portion of the Ethereum attributed to him by on-chain trackers. Ember’s data put his remaining holdings at 54,967 ETH, meaning the wallet group retained far more ETH than it moved to Gemini. At Ethereums current market price, the remaining position is valued near $149 million. Lookonchain did not state why Worthalter sent the assets to the exchange, and no public statement from the POAP founder reviewed for this report explained the transaction. Exchange deposits can precede sales, transfers between accounts or other








