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 a hundred million dollars to an unknown wallet.

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

Ethereum network explorer Etherscan reveals that the sending wallet is owned by the US arm of Binance, the world’s leading crypto exchange platform.

The high-net-worth investor made a follow up transaction to the same wallet just two hours after the mega transfer when it moved 15 ETH worth $23,988.

Whale alert also flagged several other massive crypto transfers this week:

Crypto analytics firm Santiment revealed earlier this month that Ethereum whales appear to be accumulating as the price of the leading altcoin surges to a new high since June.

“Ethereum surged back over $1,880 after a positive CPI report Wednesday. This two-month high in price came with a major influx of ETH transactions valued at $100,000 or more. This is happening in tandem with whale addresses appearing to be accumulating.”

Image
Source: Santiment

ETH is currently changing hands for $1,589.54, a 1.4% drop on the day.

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at 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 be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any 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

Leave a Reply

Your email address will not be published.