🔥🔥🔥 Massive 300,000 Ethereum Transfer Stuns Major US Exchange
Whale Alert, a leading blockchain tracker for large
#CryptocurrencyTransactions , has reported two massive Ethereum transfers to the U.S.-based exchange Coinbase. These transactions occurred consecutively and were timed with a 3% rise in Ethereum's price over the past 24 hours.
Massive Ethereum Transfers to Coinbase
- According to #WhaleAlert , two separate transfers of 150,000 ETH each were made to Coinbase, totaling 300,000 ETH. At the time of the transactions, this amount was valued at approximately $395,363,493. Both transfers occurred just over four hours ago.
- The size of these transfers has sparked speculation among users on X, with many suggesting that whales are offloading ETH and anticipating further declines in the Ethereum price.
Additional Whale Activity
- Before these transfers, another whale moved 19,999 ETH, worth about $52,258,179, to Binance, the world's largest exchange.
Ethereum Price Trends
- Despite these large transactions, Ethereum's price has risen 3.25% in the last 24 hours, climbing from $2,600 to $2,690. However, the price has since pulled back slightly, currently trading at $2,671.
- Earlier this week, a notable whale with a "super diamond hand" sold 15,000 ETH, worth nearly $40 million. This whale had purchased 96,639 ETH for $1,567 each in September 2022, holding it until March 2024. After the bull market began, they sold 55,000 ETH at $3,199 each, making $176 million, and retained 41,639 ETH until recently, resulting in a total profit of $132 million.
- In related news, Ethereum co-founder #VitalikButerin recently shared a tweet encouraging more bullish sentiment about Ethereum. He posted an image of a bull on a green hill with the text "Ethereum is good," which contributed to a surge in Ethereum's price later in the week.
source - u.today
