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.
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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