In this article. The Ethereum (ETH) exchange rate rose 16% last week.
Two large whales deposited 8,510 #ETH (£21.9m) on CEX.
- A wallet owned by Genesis Trading dropped 5,000 ETH (£12.9m).
the second largest #cryptocurrency , #Ethereum (ETH), saw a recovery rally last week after the US Federal Reserve cut interest rates by 50 basis points. Some whales are trying to exit at higher prices as investors entered the market with bullish sentiment prevailing.
the last seven days, Ether is up about 16%, which has contributed to a rebound after a prolonged sell-off; over the last 90 days, ETH is still down 22%, and a continued rebound may prove to be the best opportunity for whales.
According to data provided by Spot On Chain, two major whales have moved 8,510 Ether (about $21.9 million USD) to several centralized cryptocurrency exchanges in the last 24 hours. One of the big players was an Ethereum ICO participant who withdrew 3,510 ETH (about US$9.04 million) in three months; Sleeping Whale still holds 136,000 ETH (about US$358 million) in eight wallets.
the Ethereum ICO has 150,000 ETH (about $389.7 million) and initially received these assets at $0.31 per ETH (about $465,000) In early June, the same whale placed 10,000 ETH (about $35.4 million) on Kraken, and the price of ETH fell.
Two major Ethereum ICO participants, including bankrupt wallet Genesis Trading, have withdrawn $8,510 ETH (about $21.9 million) on CEX in the last nine hours!
A major whale caught dumping 5,000 ETH (about $12.9 million) online turned out to be a wallet affiliated with Genesis Trading The cryptocurrency lender, owned by Digital Currency Group, is paying off creditors. In August, it withdrew more than 16,000 BTC (about $1.1 billion) and 166,000 ETH (about $521 million).
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