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Anon Ethereum Whale Shifts $154 Million in ETH with Less Than $4 as TXN Fee. Here’s the Destination

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.

Read Also: 250 Billion Shiba Inu (SHIB) and 2,500 Ethereum (ETH) Flow Into Coinbase: Details

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.

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.

Read Also: Ethereum Whales Purchase 51 Trillion SHIB to Make Shiba Inu the 2nd-Largest Altcoin Holding

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.

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.

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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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Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.
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