Whales moved nearly $1 billion in Ethereum (ETH) across 15 separate transactions during Tuesday and Wednesday, according to the crypto tracker Whale Alert.
After pumping to more than $3,320 in price at various points over the weekend, ETH has since tumbled down to a price of $2,988 at time of writing, according to CoinGecko.
The second-biggest crypto asset by market cap is now down 5.6% on the week amid a market-wide pullback that began on Tuesday after nearly three weeks of bullish price action that kicked off at the beginning of August.
[adinserter block="1"]Among the largest Ethereum whale transactions of this week is one in which 50,000 ETH, worth nearly $160 million, was transferred from the exchange Gemini to an unknown wallet on Tuesday.
About an hour later, a separate unknown wallet transferred 43,997.133 ETH, worth more than $138 million, to a third unknown wallet.
The following day, a fourth unknown wallet sent 32,020 ETH, worth more than $97.6 million, to a fifth unknown wallet.
Here are some of the other notable recent whale transactions:
- 12,000 ETH worth more than $36.87 million sent from an unknown wallet to Binance
- 3,600 ETH worth more than $10.8 million sent from Binance to an unknown wallet
- 22,999.994 ETH worth more than $69.5 million sent from an unknown wallet to an unknown wallet
- 3,948.0786 ETH worth more than $12 million sent from Gemini to an unknown wallet
- 6,419.9326 ETH worth more than $19.5 million sent from Binance to an unknown wallet
- 25,999.99 ETH worth more than $81.7 million sent from an unknown wallet to an unknown wallet
- 25,000 ETH worth more than $79.4 million sent from an unknown wallet to an unknown wallet
- 25,000 ETH worth more than $80.7 million sent from an unknown wallet to an unknown wallet
- 19,222.592 ETH worth more than $62.1 million sent from Huobi to an unknown wallet
- 24,015 ETH worth more than $77.66 million sent from an unknown wallet to an unknown wallet
- 4,000 ETH worth more than $12.53 million sent from an unknown wallet to Binance
- 10,000 ETH worth more than $31.47 million sent from an unknown wallet to Binance
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