Ethereum Whale Abruptly Moves Nearly $375,000,000 Worth of ETH Amid Market Sell-Off – Here’s Where the Crypto Is Headed

An enormous Ethereum (ETH) whale is instantly transferring a whole bunch of hundreds of thousands of {dollars} value of ETH in the midst of a correction that noticed the main sensible contract platform commerce beneath $4,000.

Whale-watching bot Whale Alert tells its 1.8 million followers {that a} deep-pocketed crypto investor relocated precisely 100,000 Ethereum from one unknown pockets to a different, value almost $375 million at time of writing.

The giant Ethereum whale paid 0.004395 ETH, value about $17, in transaction charges for the switch. At time of writing, Ethereum is exchanging arms at $3,858.

The receiving wallet then moved the giant ETH stash to a different wallet that belongs to the second-wealthiest Ethereum whale in existence.

Whale-surveilling web site WhaleStats reveals that the wealthy whale owns over $5.18 billion value of crypto property. Ethereum makes up 30% of the crypto investor’s portfolio at $1.75 billion.

Whale Alert can also be reporting on different giant Ethereum transactions in the final 24 hours.

Six transactions contain the relocation of ETH from crypto exchanges to wallets of unknown origins. Three transfers noticed the motion of ETH from wallets of unknown origins to crypto exchanges, and one whale shifted Ethereum between unknown wallets.

Here’s a abstract of some of the giant whale transactions in the previous day:

Check Price Action

Don’t Miss a Beat – Subscribe to get crypto e mail alerts delivered on to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


Disclaimer: Opinions expressed at The Daily Hodl will not be funding recommendation. Investors ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal threat, and any loses you might incur are your duty. The Daily Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Daily Hodl an funding advisor. Please notice that The Daily Hodl participates in affiliate internet marketing.

Featured Image: Shutterstock/Mia Stendal/Tomasz Makowski

Related posts

Top Analyst Predicts ‘Ultimate Capitulation’ for Bitcoin (BTC) and Ethereum (ETH) Before Bullish Reversal

Crypto Advisor

Billionaire Mike Novogratz Issues Fresh Crypto Warning As Bitcoin Hovers Below $40,000

Crypto Advisor

Is the Bottom In for Bitcoin and Ethereum? Top Analyst Michaël van de Poppe Updates Crypto Forecast

Crypto Advisor

Leave a Comment