Whale Alert has reported that, over the past 24 hours, three gargantuan ETH transactions were made, carrying a mammoth-sized amount of funds.
Two transactions were conducted between anonymous wallets, and one took 30,000 ETH to the Binance exchange.
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Whales transfer 220,726 ETH to Binance
Whale Alert has detected three large lumps of ETH shifted by crypto whales, totaling 320,908 in all—$118,902.442.
The largest lump was sent between anonymous ETH addresses—220,726 ETH.
A total of 30,182 ETH was sent to the Binance trading giant.
At press time, the second largest currency, ETH, is sitting at $367.20. After pulling back to a $318 low on Sept. 5 from a $437 high, ETH is gradually recovering, striving to surpass the $400 level again.
Crypto whales believe in ETH's potential
As covered by CryptoComes earlier this week, the Santiment analytics agency reported that whales are so confident in Ethereum's potential as a currency that, in August, they increased their ETH bags by 84 percent.
In making that analysis, Santiment looked at the top non-exchange ETH wallets. The amount of ETH stored in those addresses surged from 3.16 mln to 5.80 mln ETH.