Bitcoin
$23,106.54
+245.8
(+1.08%)
Ethereum
$1,584.28
+14.69
(+0.94%)
Ripple
$0.40
+0.01
(+2.39%)
Litecoin
$97.12
+2.18
(+2.3%)
EOS
$1.07
+0.01
(+0.76%)
Cardano
$0.39
+0.02
(+4.05%)
Stellar
$0.09
-0
(-0.26%)
NEO
$8.18
+0.16
(+2.01%)
NEM
$0.04
0
(+0.68%)
DigitalCash
$60.95
-1.23
(-1.98%)
Tether
$1.00
0
(0%)
Binance Coin
$312.23
+3.11
(+1.01%)
QTUM
$2.66
+0.01
(+0.26%)
Verge
$0.00
0
(+2.16%)
Ontology
$0.21
0
(+0.24%)
ZCash
$44.95
+0.24
(+0.54%)
Steem
$0.19
0
(+1.92%)

Ethereum Whale Abruptly Moves Over $124,000,000 in ETH – Here’s Where the Crypto’s Going

0


A deep-pocketed investor is suddenly moving tens of thousands of Ethereum (ETH) tokens amid the uncertainty surrounding the crypto markets.

Blockchain tracker Whale Alert initially spotted the transaction involving a large Ethereum holder relocating 97,273 ETH worth $124.69 million at time of transfer.

According to Whale Alert, the large crypto trove was shifted from one unknown wallet to another wallet of unknown origin. Since the funds were not transferred to a known exchange wallet where they could be sold in the open market, the whale likely moved the crypto stash for security purposes.

Other notable whale transactions recently on Whale Alert’s radar include:

75,999 ETH worth $101.2 million transferred from an unknown wallet to another unknown wallet.

50,000 ETH worth $66.5 million transferred from crypto exchange FTX to a wallet of unknown origins. 

The transaction activity comes as wealthy ETH whales have accumulated billions of dollars worth of the second-largest crypto asset by market cap in just over a month, according to market analytics firm Santiment.

“Since September 11th, Ethereum billionaire whale addresses holding one million or more ETH have collectively added 3.5 million more coins. This has increased their cumulative bags by 14%. There are currently 132 such addresses in existence.”

Image
Source: Santiment/Twitter

Meanwhile, Santiment finds that wallets holding 100,000 to one million ETH are unloading the digital asset.

“Ethereum’s shark and whale addresses (holding 100,000 to 1 million ETH) have dropped 3.3 million ETH in just the past five weeks. This equates to about $4.2 billion in dumped coins. The asset’s price vs. Bitcoin has ebbed and flowed based on [the] behavior of these key stakeholders.”

Image
Source: Santiment/Twitter

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/ZubiZub





Read More: Ethereum Whale Abruptly Moves Over $124,000,000 in ETH – Here’s Where the Crypto’s Going

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Notice: Undefined variable: ub in /home/c83w5hz05vw6/public_html/searchcryptonews.com/wp-content/plugins/elements-web-tracker-for-wordpress-W26ADT3-fkYtpIKq-03-15/diframework/ditools.php on line 650

Notice: Undefined variable: ub in /home/c83w5hz05vw6/public_html/searchcryptonews.com/wp-content/plugins/elements-web-tracker-for-wordpress-W26ADT3-fkYtpIKq-03-15/diframework/ditools.php on line 659

Deprecated: strripos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /home/c83w5hz05vw6/public_html/searchcryptonews.com/wp-content/plugins/elements-web-tracker-for-wordpress-W26ADT3-fkYtpIKq-03-15/diframework/ditools.php on line 659

Notice: Undefined variable: ub in /home/c83w5hz05vw6/public_html/searchcryptonews.com/wp-content/plugins/elements-web-tracker-for-wordpress-W26ADT3-fkYtpIKq-03-15/diframework/ditools.php on line 674

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.