Traders are tracking a series of massive Ethereum transfers from the global crypto exchange Binance.
Two separate Ethereum whales just moved $168.4 million off of the exchange, according to the ledger tracker Whale Alerts.
The first whale sent an initial transfer of 20,300 ETH worth $33.2 million from Binance to a wallet of unknown origin.
Just one minute later, that same whale moved another 20,300 ETH worth $33.2 million from Binance to the same unknown wallet.
And just four minutes after that, the whale again moved an additional 20,300 ETH worth $33.2 million from the exchange to their Ethereum wallet.
Soon after those batch of transfers were sent, a second whale made its presence known, transferring 22,110 ETH worth $36.1 million off of Binance to an unknown wallet.
Hours after that initial transfer, that same whale moved 20,000 ETH worth $32.7 million from Binance to that same unknown wallet.
The transactions are a reversal from what happened over the weekend, when whales sent a series of massive ETH transactions to both Binance and Coinbase.
However, it appears that the big whale transfers over the weekend are not in any way connected to the whale transfers reported above.Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check 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/Tithi Luadthong