• Crypto Whales Move $500,000,000 in Ethereum in a Matter of Hours – Here’s Where the ETH Is Heading

  • As crypto whales migrate their ETH hoards, a significant amount of Ethereum (ETH) worth half a billion dollars is on the move.

    This Friday, blockchain tracker Whale Alert discovered a series of transactions in which major Ethereum holders transferred 237,419 ETH worth $557,777,068 in less than 10 hours.

    In the series’ greatest transaction, a whale transferred its entire 55,277 ETH stockpile worth $129.94 million from one unknown wallet address to another. The sending wallet had previously received somewhat more than 50,000 ETH in its initial transaction, which occurred 26 days ago, from a sender who likewise emptied its wallet.

    The transaction trail, which dates back nearly a year, suggests that the controlling party appears to be emptying wallets and moving the ETH hoard to new addresses.

    On top of the day’s greatest ETH movement, five whales transferred massive amounts of Ethereum between wallets of unknown provenance. Two wealthy investors transferred ETH from an unknown wallet to a crypto exchange, and one major cryptocurrency holder transferred ETH from an exchange to an unknown wallet.

    The following is a summary of the greatest ETH transactions in the last day:

    • 36,168 ETH worth $89.1 million transferred from unknown wallet to unknown wallet.
    • 36,168 ETH worth $88.4 million transferred from unknown wallet to unknown wallet.
    • 33,000 ETH worth $79.8 million transferred from unknown wallet to unknown wallet.
    • 25,119 ETH worth $59 million transferred from unknown wallet to unknown wallet.
    • 5,891 ETH worth $13.9 million transferred from unknown wallet to Gemini.
    • 33,000 ETH worth $77.5 million transferred from unknown wallet to unknown wallet.
    • 6,487 ETH worth $15.1 million transferred from OKEx wallet to unknown wallet.
    • 6,309 ETH worth $14.7 million transferred from unknown wallet to Binance.
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