AD
AD
AD

$118,902,442 Worth of Ethereum Shifted by Crypto Whales While ETH Strives to Recover

article image
Cover image via stock.adobe.com

Crypto whales have moved almost $120 mln in Ethereum, Whale Alert has tweeted, while the second biggest cryptocurrency is gradually recovering after the recent pullback

Fri, 09/11/2020 - 10:10
Advertisement

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.

ETH
Image via Twitter

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 addresses220,726 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.

👉 MUST READ Binance Shifts 61 Mln XRP After Adding XRP to Binance Futures Asset Conversion Functionrelated article image

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.

Advertisement
Hot stuff
1,249,577 XRP in 24 Hours Push Price to New Frontier
3 weeks 1 day ago
Shiba Inu (SHIB) Price to Add $0 This Test is Failed
3 weeks 2 days ago
Cardano Kicks Off New Round of Stake Pool Delegation
4 years ago
Blow to Ripple as SEC Gets Access to Company's Missing Slack Messages
4 years ago
Anti-Bitcoin Activist Arrested in El Salvador
4 years ago
Advertisement
Name card
Shiba Inu (SHIB): One Last Test at $0.0000138 Waiting
6 days ago
Name card
Cardano (ADA) in Bubble? Indicator's Warning Signs
1 week ago
Name card
Solana (SOL) All-Time High on Line? It's Closer Than You Think
1 week ago