Whale Moves Over $504,000,000 in Ethereum in One Massive Transfer – Here’s Where the Crypto Is Now

An enormous crypto whale unloaded practically $505 million price of Ethereum (ETH) to Binance in a single switch on Monday.

Blockchain tracker Whale Alert first noted the transaction, which solely price about 0.00183 ETH (price roughly $3.38).

Crypto analytics agency Santiment says the transfer represents one of many largest self-custody-to-exchange transfers prior to now 5 years.

“With a $505 million switch of Ethereum tokens on to Binance right now, this is without doubt one of the largest self-custody to change transfers in 5 years. It additionally spiked the ETH community to its largest each day change provide enhance for the reason that day earlier than the merge.”

Supply: Santiment/Twitter

It wasn’t the one unknown pockets to maneuver an enormous quantity of Ethereum onto an change this week.

A separate deal with despatched roughly 77,482.16 ETH throughout six separate transactions to a handful of various Coinbase addresses over a 12-hour interval on Monday, in keeping with Etherscan. Whale Alert first reported on the transactions.

With ETH buying and selling at $1,873 at time of writing, these six Coinbase transactions are at the moment price a complete of $145.35 million.

Ethereum is up 3.31% prior to now 24 hours and practically 1.74% prior to now seven days. The second-ranked crypto asset by market cap can be up greater than 56% for the reason that begin of 2023, although it stays greater than 61% down from its all-time excessive of $4,878, which it hit in November 2021.

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