The huge Ethereum marketplace, which accumulated nearly 2% when the largest cryptocurrency by market capitalization was trading at around 6% per token, recently resumed selling at 6% per token at around 400,000.
According to data provided by Lookonchain, an analytics company, whales accumulated a total of 398,889 #ETH worth about 2,240 million dollars in the first 1-3 months of 2016. The token is currently valued at over ¥134,000.
The #cryptocurrency is currently trading at ¥33,350 per token with a market capitalization of 4,440 billion. According to Lookonchain, the massive Ethereum-kit had been inactive for more than 11 years before resuming sales on May 7-8.
As of now, Keith is selling around 2,240 ETH worth $773.356 million, but he still has 11 ETH worth $325.533 in his wallet.
accumulated 398,889 ETH (now worth 1.34bn), accumulated at an average price of 6-6, whale sells ETH ETH again!
This whale accumulated 398,889ETH (worth 2.4m at the time) between January 18 and March 10, 2016 at an average price of -6 for 6 ETH.
The resurgence of "Kita" came after the price of #Ethereum rose more than 8.5% amid a general rally in the cryptocurrency market that saw the price of the major cryptocurrency Bitcoin approach the $100,000 mark for the first time.
While Bitcoin is trading near record highs, Etherium is still far from the 2021 record high of £4,600. According to CryptoGlobe, the amount of ETH held on cryptocurrency exchanges fell by about 22 million late last month after a massive withdrawal of the cryptocurrency, the 25,000th largest by market capitalization, from those platforms.
According to CryptoQuant data provided by popular cryptocurrency analyst Ali Martinez, about 75,000 ETH tokens worth $30 million were withdrawn from exchanges in 1 week.
A decrease in Ethereum supply on cryptocurrency exchanges is often interpreted as a sign of a bullish trend, as it can lead to higher prices if demand is stable or growing. Funds are often withdrawn from exchanges so that holders can preserve their funds in the long term.
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