A mysterious Ethereum whale is suddenly on the move, shifting tens of thousands of ETH in one big transaction.
The blockchain monitoring service Whale Alert initially saw the big Ethereum transfer.
According to the Whale Alert, the deep-pocketed investor moved 80,000 ETH worth $154.58 million from a wallet of unknown origin to crypto exchange Binance.US.
? ? ? ? ? ? ? 80,000 #ETH (154,585,877 USD) transferred from unknown wallet to #BinanceUShttps://t.co/LKmthzKGnB
— Whale Alert (@whale_alert) May 6, 2023
Blockchain data also shows that the large entity spent less than $4 in ETH to process the multi-million dollar transaction.
Whale Alert also caught a handful of large Ethereum trades over the weekend.
A whale moved 19,093 ETH worth $36.81 million from an unknown wallet to US-based crypto exchange Coinbase. Whale Alert reveals that the whale paid $4.20 to move the large ETH stack.
Whale Alert too followed the movement of 15,000 ETH worth more than $30 million from a wallet managed by the Ethereum Foundation to crypto exchange Kraken. The Ethereum developer paid more than $11 to move the ETH trove.
In another transfer, an investor with deep pockets shifted 12,800 ETH worth $25 million from wallet of unknown origin to Coinbase. The whale paid less than $11 in transaction fees.
Since all of the ETH mentioned have been moved to a crypto exchange, they may be able to be sold on the open market.
At the time of writing, Ethereum is trading at USD 1,861, down more than 1.27% in the past 24 hours.
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