An anonymous Ethereum whale is suddenly on the move, shifting ETH worth millions of dollars in a single transaction.
Whale Alert, the tracker of large crypto transactions, initially spotted and reported the large Ethereum transfer.
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According to the Whale Alert, the Ethereum bag holder relocated 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 transactions over the weekend.
One whale shifted 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.
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Whale Alert also tracked the movement of 15,000 ETH worth over $30 million from a wallet controlled by the Ethereum Foundation to the crypto exchange Kraken. The Ethereum developer paid more than $11 to move the ETH trove.
🚨 🚨 15,000 #ETH (30,039,381 USD) transferred from #ETHDev to unknown wallethttps://t.co/VjVP1bxvjt
— Whale Alert (@whale_alert) May 6, 2023
In another transfer, a deep-pocketed investor shifted 12,800 ETH worth $25 million from a wallet of unknown origin to Coinbase. The whale paid less than $11 in transaction fees.
🚨 🚨 12,800 #ETH (25,504,481 USD) transferred from unknown wallet to #Coinbasehttps://t.co/uz8c5zzckd
— Whale Alert (@whale_alert) May 5, 2023
Since all of the ETH mentioned were moved to a crypto exchange, they could potentially be sold on the open market.
At the time of press, Ethereum is trading at $1,824, with a 4.5% price downtrend in the last 24 hours.
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