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:

• 20,054 ETH worth $30,702,630 from an unknown wallet to Huobi
• 6,601 ETH worth $10,090,502 from an unknown wallet to OKX
• 19,999 ETH worth $31,572,906 from an unknown wallet to FTX
• 6,703 ETH worth $10,340,527 from Gemini to an unknown wallet

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.”

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

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