The post ETH Price Shoots 4% Amidst Whale Activity Spike Ahead Of ETF Approval appeared first on Coinpedia Fintech News
A significant whale Abraxas capital has withdrawn a massive 60k ETH from Bitfinex in the past 24 hours which has shot up Ethereum price by 4%. This has resulted in an unrealized profit of nearly $6.5 million for the whale. The daily trading volume for Ethereum also shot up by 50% to $9.8 billion. Amid Ethereum ETF excitement, whales have recently been swapping other altcoins for ETH. Last week, a PEPE whale converted $18 million of their PEPE coins to Ethereum, expecting a major rally ahead. Ethereum is currently trading at $3,502.
