According to the data provided by the Whale Alert blockchain tracker website, anonymous crypto whales and Binance have shoveled a mind-boggling amount of Ethereum worth more than $2.26 billion in the last day.
Meanwhile, Ether has reached its highest price in two weeks, and ETH miner balances have risen to the highest amount of ETH held since January 2016.
More than $2.26 billion in ETH is in transit.
Whale Alert has detected a dozen large Ethereum transfers, totaling more than $2.2 billion in the second most popular cryptocurrency – Ethereum.
The largest single transfer totaled 227,371 ETH (equivalent to $784,858,373 in fiat). Smaller transactions moved 101,000, 60,000, 30,000, and 10,000 Ethers, respectively.
Owners of anonymous Ethereum wallets and Binance crypto exchanges transacted with these funds. Some of these Ethereum lumps were transferred to Arbitrum, a potential competitor to Ethereum 2.0 and Cardano that offers smart contracts.
The total amount of Ethereum transferred by whales and Binance is 675,226 ETH.
ETH miner balances continue to rise.
According to the on-chain data vendor Santiment, as Ethereum has reached the $3,480 level and is currently trading in a range near it, Ethereum miners’ balances continue to skyrocket.
According to Santiment analysts, 532,750 ETH is the most Ether stored by miners in over five years – since July 2016.
This ETH balance held by miners has also been dubbed a new all-time high, as it is equivalent to $1,794,321 in fiat.
#Ethereum is up to $3,480, the coin’s highest price in 16 days. Notably, miner balances have continued to skyrocket. 532.75k $ETH is the largest balance held by miners since July 13, 2016. The value of these coins is $1.85B, easily an #AllTimeHigh. https://t.co/zf2g4ypqiJ pic.twitter.com/atPnYLhAgc— Santiment (@santimentfeed) October 5, 2021
According to CoinMarketCap data, Ethereum is currently trading at $3,361 at the time of writing. The Ethereum Fear&Greed Index is currently at 64. (greed).