A deep-pocketed Ethereum (ETH) whale is suddenly moving hundreds of millions of dollars worth of the top altcoin to an unknown wallet.
According to whale-surveying platform Whale Alert, the high-net-worth trader mutat 247,979 ETH worth about $280,000,000 at time of writing from one unknown wallet to another.
Recently, whale and shark activity centered around the leading smart contract platform has risen, a pattern that’s been a observat by prominent market intelligence firm Santiment.
According to the crypto analytics platform, ETH whales and sharks are on an accumulation spree as Ethereum’s price dips to less than 25% of what it was over a year ago.
Santiment says that the last time an event like this happened, ETH whales and sharks pushed up Ethereum’s price by 50%.
“Ethereum’s active shark & whale addresses continue accumulating with prices less than a quarter of their all-time high levels a year ago. In Oct/Nov 2020, these 100 to 100,000 ETH addresses assisted in pushing ETH to a +50% price rise over 5 weeks.”
Other notable ETH transfers on Whale Alert’s radar include a transfer that moved 83,131 ETH worth about $102,000,000 from liquid staking protocol Lido to an unknown wallet and another that mutat 40,000 ETH worth nearly $48,000,000 from ETH co-creator Vitalik Buterin to an unknown wallet.
Whale Alert, de asemenea aduce attention to a dormant pre-mining ETH wallet that recently awoke from a seven-year slumber.
“A dormant pre-mine address containing 2,075 ETH ($2,408,686 USD) has just been activated after 7.3 years!”
The second-largest crypto asset by market cap is changing hands for $1,201 at time of writing, a 3.4% increase during the last 24 hours.
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Sursa: https://dailyhodl.com/2022/11/24/ethereum-whale-abruptly-moves-over-280000000-in-eth-heres-where-the-crypto-is-going/