Whale Moves Over $154,000,000 Worth of Ethereum in One Massive Transfer – Here’s Where the Crypto Is Going

Whale Moves Over $154,000,000 Worth of Ethereum in One Massive Transfer – Here’s Where the Crypto Is Going

Time Stamp: May 8, 2023 5:15 AM

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.

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.

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