By The Daily Hodl - 2 years ago - Reading Time: 2 minutes
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 #ETH (1,057,608,364 USD) transferred from unknown wallet to unknown wallethttps://t.co/4rAcCeUXCF
— Whale Alert (@whale_alert) November 3, 2021
According to block explorer 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 #ETH (90,542,373 USD) transferred from #Kraken to unknown wallethttps://t.co/OZZJGIFVaN
— Whale Alert (@whale_alert) November 4, 2021
21,487 #ETH (99,415,117 USD) transferred from #Binance to unknown wallethttps://t.co/yHigNfcusj
— Whale Alert (@whale_alert) November 3, 2021
46,195 #ETH (210,847,211 USD) transferred from unknown wallet to unknown wallethttps://t.co/Jz2xk7qDDS
— Whale Alert (@whale_alert) November 4, 2021
27,500 #ETH (124,503,937 USD) transferred from unknown wallet to unknown wallethttps://t.co/MbomjiwtoN
— Whale Alert (@whale_alert) November 3, 2021
26,805 #ETH (120,917,788 USD) transferred from unknown wallet to unknown wallethttps://t.co/FmXRqEr8bU
— Whale Alert (@whale_alert) November 3, 2021
25,700 #ETH (115,936,455 USD) transferred from unknown wallet to unknown wallethttps://t.co/IFeNPp7Tfb
— Whale Alert (@whale_alert) November 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 shows.
Crypto analyst Michaël van de Poppe forecasted last month that Ethereum could surge to as high as $5,000, but warned that the coin could first see a price correction before rising.
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Original source: The Daily Hodl