Giant Crypto Transfers: $143.8 Million in Ethereum on the Move As Bitcoin Whales Emerge

A trio of huge Ethereum transfers is making waves in the world of crypto.

In a span of just 10 minutes, a total of 785,997 ETH worth $143.8 million was moved out of a single Ethereum wallet to a wallet of unknown origin.

• 300,000 ETH worth $54.9 million transferred from unknown wallet to unknown wallet
• 300,000 ETH worth $54.9 million transferred from unknown wallet to unknown wallet
• 185,997 ETH worth $34.0 million transferred from unknown wallet to unknown wallet

The crypto whale tracker Whale Alert speculates that the trades may be the crypto exchange Bitstamp moving funds around.

The funds appear to have originated from a Bitstamp cold wallet.

Bitcoin whales are also surfacing at the start of the week.

Blockchain data shows that 2,850 BTC worth $23.4 million has moved in just the last 24 hours. Two of the transfers involve crypto moving from exchanges to unknown wallets.

The third is a transfer of 1,200 BTC to the crypto exchange Bitfinex.

• 650 BTC worth $5.3 million transferred from Coinbase to unknown wallet
• 1,000 BTC $8.2 million transferred from Bitfinex to unknown wallet
• 1,200 BTC worth $9.9 million transferred from unknown wallet to Bitfinex

Right now, Bitcoin is down 1.09% at $8,364, according to CoinMarketCap. Ethereum is up 0.98% at $186.49.