Ethereum Whale Moves Abruptly Above $102,000,000 in ETH – Here’s Where Crypto Is Headed
A crypto whale has just transferred 64,000 Ethereum (ETH) worth over one hundred million dollars to an unknown wallet.
According to blockchain tracking platform Whale Alert, tthe deep-pocketed crypto holder transferred $102,134,766 ETH to an unknown address that still has the transferred assets at the time of writing.
Ethereum network explorer Etherscan reveals that the sender wallet is owned by the US arm of Binance, the world’s leading crypto exchange platform.
The wealthy investor made a follow-up transaction to the same wallet just two hours after the mega transfer when it moved 15 ETH worth $23,988.
? ? ? ? ? ? ? ? ? ? 64,000 #ETH (102,134,766 USD) transferred from unknown wallet to unknown wallet
— Whale Alert (@whale_alert) 31 August 2022
Whale Alert also flagged several other massive crypto transfers this week:
- 20,054 ETH worth $30,702,630 from an unknown Huobi wallet
- 6,601 ETH worth $10,090,502 from an unknown wallet to OKX
- 19,999 ETH worth $31,572,906 from an unknown wallet to FTX
- 6,703 ETH worth $10,340,527 from Gemini to an unknown wallet
Crypto analytics firm Santiment revealed earlier this month that Ethereum whales appear to be rallying as the price of the leading altcoin rises to a new high since June.
“Ethereum bounced back above $1,880 after a positive CPI report on Wednesday. This two-month high came with a large influx of ETH transactions worth $100,000 or more. This comes as whale addresses appear to get together.”
ETH is currently trading hands at $1,589.54, down 1.4% on the day.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk and any losses you incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of 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/arvitalyaart
