A mysterious Ethereum whale is suddenly on the move, shifting tens of thousands of ETH in one big transaction.
The blockchain-monitoring service Whale Alert initially spotted the large Ethereum transfer.
According the Whale Alert, the investor with deep pockets relocated 80,000 ETH worth $154.58 million from a wallet of unknown origin to crypto exchange Binance.US.
— Whale Alert (@whale_alert) May 6, 2023
Blockchain data also shows that the large entity shelled out less than $4 in ETH to process the multi-million-dollar transaction.
Whale Alert also caught a handful of large Ethereum transactions over the weekend.
One whale relocated 19,093 ETH worth $36.81 million from an unknown wallet to US-based crypto exchange Coinbase. Whale Alert reveals that the whale paid $4.20 to move the large ETH stack.
Whale Alert also tracked the movement of 15,000 ETH worth over $30 million from a wallet controlled by the Ethereum Foundation to crypto exchange Kraken. The Ethereum developer paid more than $11 to move the ETH trove.
In another transfer, a deep-pocketed investor shifted 12,800 ETH worth $25 million from a wallet of unknown origin to Coinbase. The whale paid less than $11 in transaction fees.
Since all of the ETH mentioned were moved to a crypto exchange, they could potentially be sold on the open market.
At time of writing, Ethereum is trading for $1,861, down over 1.27% in the last 24 hours.Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
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