Large cryptocurrency transactions tracker Crypto Whale is revealing that an unknown digital wallet just transferred over a billion dollars in Ethereum (ETH).
A whale moved 229,766 ETH on November 3rd, when the second-largest token by market cap was trading above $4,604. The transfer was made for a fee of just 0.010 ETH, or $46.
? ? ? ? ? ? ? ? ? ? 229,766 #ETH (1,057,608,364 USD) transferred from unknown wallet to unknown wallethttps://t.co/4rAcCeUXCF
— Whale Alert (@whale_alert) November 3, 2021
According to block explorer Etherscan, the funds were sent to an unknown wallet which also received 0.020 ETH (about $92) from a Coinbase wallet a few minutes after the massive transaction.
The destination wallet now holds 229,766.49 ETH currently worth $1.03 billion, making it the 34th-richest Ethereum wallet in the world.
Crypto Whale detected several other large Ethereum transactions this week, including the transfers of 20,000 ETH, worth $90.54 million, from crypto trading platform Kraken, and 21,487 ETH, worth $99.41 million, from digital assets exchange Binance.
? ? ? ? ? ? ? ? ? 20,000 #ETH (90,542,373 USD) transferred from #Kraken to unknown wallethttps://t.co/OZZJGIFVaN
— Whale Alert (@whale_alert) November 4, 2021
? ? ? ? ? ? ? ? ? 21,487 #ETH (99,415,117 USD) transferred from #Binance to unknown wallethttps://t.co/yHigNfcusj
— Whale Alert (@whale_alert) November 3, 2021
? ? ? ? ? ? ? ? ? ? 46,195 #ETH (210,847,211 USD) transferred from unknown wallet to unknown wallethttps://t.co/Jz2xk7qDDS
— Whale Alert (@whale_alert) November 4, 2021
? ? ? ? ? ? ? ? ? ? 27,500 #ETH (124,503,937 USD) transferred from unknown wallet to unknown wallethttps://t.co/MbomjiwtoN
— Whale Alert (@whale_alert) November 3, 2021
? ? ? ? ? ? ? ? ? ? 26,805 #ETH (120,917,788 USD) transferred from unknown wallet to unknown wallethttps://t.co/FmXRqEr8bU
— Whale Alert (@whale_alert) November 3, 2021
? ? ? ? ? ? ? ? ? ? 25,700 #ETH (115,936,455 USD) transferred from unknown wallet to unknown wallethttps://t.co/IFeNPp7Tfb
— Whale Alert (@whale_alert) November 3, 2021
The massive transactions were made as Ethereum hit a new all-time high. ETH breached a record price above $4,600 on Wednesday, and at time of writing the token is trading at $4,481, data from CoinMarketCap shows.
Crypto analyst Michaël van de Poppe forecasted last month that Ethereum could surge to as high as $5,000, but warned that the coin could first see a price correction before rising.
Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inboxCheck Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
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/KHIUS/monkographic
