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Whale Moves Over $1,057,000,000 in Ethereum – Here’s Where the Crypto Is Headed
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 #ETE (1,057,608,364 USD) i nekehia mai i te putea kaore e mohiotia ana ki nga putea e kore e mohiotiahttps://t.co/4rAcCeUXCF
- Whale Alert (@whale_alert) Whiringa 3, 2021
E ai ki te kaihōpara poraka 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 #ETE (90,542,373 USD) i whakawhiti mai #Kraken ki te putea unknownhttps://t.co/OZZJGIFVaN
- Whale Alert (@whale_alert) Whiringa 4, 2021
21,487 #ETE (99,415,117 USD) i whakawhiti mai #Binance ki te putea unknownhttps://t.co/yHigNfcusj
- Whale Alert (@whale_alert) Whiringa 3, 2021
46,195 #ETE (210,847,211 USD) i nekehia mai i te putea kaore e mohiotia ana ki nga putea e kore e mohiotiahttps://t.co/Jz2xk7qDDS
- Whale Alert (@whale_alert) Whiringa 4, 2021
27,500 #ETE (124,503,937 USD) i nekehia mai i te putea kaore e mohiotia ana ki nga putea e kore e mohiotiahttps://t.co/MbomjiwtoN
- Whale Alert (@whale_alert) Whiringa 3, 2021
26,805 #ETE (120,917,788 USD) i nekehia mai i te putea kaore e mohiotia ana ki nga putea e kore e mohiotiahttps://t.co/FmXRqEr8bU
- Whale Alert (@whale_alert) Whiringa 3, 2021
25,700 #ETE (115,936,455 USD) i nekehia mai i te putea kaore e mohiotia ana ki nga putea e kore e mohiotiahttps://t.co/IFeNPp7Tfb
- Whale Alert (@whale_alert) Whiringa 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 E whakaatu ana.
Crypto analyst Michaël van de Poppe forecasted last month that Ethereum could tere to as high as $5,000, but warned that the coin could first see a price correction before rising.
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