Whales are moving massive amounts of Ethereum (ETH) as volatility in the crypto markets picks up.
Large holders of the second-biggest crypto asset moved more than $500 million in ETH across 13 separate transactions on Tuesday and Wednesday.
Among the largest single Ethereum whale transactions is a transfer of 28,272 ETH, worth more than $90.8 million. The crypto was sent from one unidentified wallet to another, according to the crypto tracker Whale Alert. Two minutes later, the same sending wallet sent another 28,272 ETH to a third unknown wallet.
A similar sequence of events happened when a wallet sent 27,425 ETH worth more than $88.1 million to an unknown wallet. The sending address then sent roughly the same amount to another unknown wallet in a second transaction.
Additionally, the crypto exchange Kraken fired off seven separate ETH transactions to one unknown wallet over a two-minute period on Wednesday. Kraken sent exactly 3,200 ETH worth more than $10.2 million each time, for a total of 22,400 ETH worth more than $71 million.
Other notable transactions include the exchange Gemini sending 10,000 ETH worth more than $32 million to the exchange Binance, as well as the exchange Bithumb sending 12,000 ETH worth nearly $38.6 million to an unknown address.
After reaching a recent high of $3,346.21 on Monday, ETH is now trading at $3,148.80 at time of writing, according to CoinGecko.
The second-biggest crypto asset by market cap is up 3.6% on the week and 41.1% on the month.
Source: dailyhodl.com
Coin | Change(%) | Price | Volume (24h) |
---|---|---|---|
Bitcoin (BTC) | 3.71 | $72,084.86 | $45.5B |
Ethereum (ETH) | 3.43 | $4,038.91 | $20.8B |
XRP (XRP) | 18.52 | $0.727106 | $4.4B |
Solana (SOL) | 1.58 | $147.242060 | $3.8B |
Binance Coin (BNB) | -2.22 | $519.52 | $3.0B |
USD Coin (USDC) | 0.03 | $0.999697 | $2.4B |
Dogecoin (DOGE) | 0.96 | $0.174374 | $2.1B |
Shiba Inu (SHIB) | -2.92 | $0.000033 | $1.7B |
Floki Inu (FLOKI) | -7.67 | $0.000267 | $1.3B |
Avalanche (AVAX) | 13.16 | $47.596296 | $1.2B |