An Ethereum (ETH) whale is suddenly moving hundreds of millions of dollars worth of ETH as the smart contract platform dips below $2,000.
According to data from the whale-watching platform Whale Alert, the deep-pocketed investor transferred nearly 150,000 ETH worth more than $313 million around the time of the transaction.
The Ethereum whale paid a fee of about 0.000945 ETH or $1.84 to make the multi-million-dollar transaction, according to Etherscan.
The whale moved the ETH from one unknown wallet to the crypto exchange Coinbase.
The receiving wallet made a number of transactions following the transfer and has a remaining balance of only about 2,744 ETH, according to Etherscan. The sending wallet has just 0.000986 ETH remaining.
Other notable Ethereum transfers by high-net-worth traders on Whale Alert’s radar include:
- 17,213 ETH worth $33.64 million transferred from an unknown wallet to Coinbase.
- 16,881 ETH worth $33.53 million transferred from an unknown wallet to Coinbase.
- 25,000 ETH worth $49.88 million transferred from the crypto exchange Bistamp to an unknown wallet.
- 29,997 ETH worth $62.16 million transferred from the crypto exchange Bithumb to an unknown wallet.
Ethereum underwent an ecosystem upgrade on April 12th known as “Shapella,” which refers to the simultaneous improvements made on both Shanghai, the project’s execution layer, and Capella, the project’s consensus layer. The upgrade also allows validators to withdraw their staked ETH.
At time of writing, Ethereum is trading for $1,946.Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
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Featured Image: Shutterstock/JoeyCheung