Ethereum Whale Abruptly Moves Over $102,000,000 in ETH – Here’s Where the Crypto Is Heading

A crypto whale just transferred 64,000 Ethereum (ETH) worth over $ 100 million to an unknown wallet.

According to the Whale Alert blockchain tracking platform, tThe deep pocket cryptocurrency holder transferred $ 102,134,766 worth of ETH to an unknown address that still holds the transferred assets at the time of writing.

Ethereum Network Explorer Etherscan reveals that the sending wallet is owned by the US arm of Binance, the world’s leading cryptocurrency exchange platform.

The investor with a high net worth made a subsequent transaction to the same wallet just two hours after the mega transfer when he moved 15 ETH worth $ 23,988.

The whale alert also reported several other massive cryptocurrency transfers this week:

Crypto analytics firm Santiment revealed earlier this month that Ethereum whales appear to be piling up as the price of the major altcoin rises to a new high since June.

“Ethereum was up over $ 1,880 after a positive CPI report on Wednesday. This two-month high price came with a large influx of ETH transactions worth $ 100,000 or more. This is happening in tandem with whale addresses. that seem to accumulate “.

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Source: Santimento

ET it is currently changing hands at $ 1,589.54, a 1.4% drop from the day.

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Disclaimer: The views expressed by The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any losses you may incur are your own responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock / arvitalyaart

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