Nearly 400K ETH Moved By Whales

Ethereum, the world’s second largest crypto price dropped by more than 8% in the last 24 hours. However, this Ethereum price move has motivated the crypto whales to add more ETH to their holdings.

ETH price tanks; Crypto whales add

As per the Whale Alert data, Crypto whales have moved around 400K Ethereum from the crypto exchanges. More than $445 million worth of Ethereum was moved to multiple unknown wallets amid the price dump.

The data depicts that whales moved around 300k Ethereum (worth approx $333 million) from Upbit, a crypto exchange to different wallets. However, the biggest transaction recorded by the tracker has been of adding $129.1 million worth of ETH from the same exchange.

However, A whale accumulated 99.99K Ethereum from the Bitifinex crypto exchange. The transaction worthed around $112.4 million.

This whale accumulation has come amid the massive Ethereum Price drop. ETH price is down by 12% in the last 7 days. ETH is trading at an average price of $1,128, at the press time. However, its 24 hour trading volume is up by a whopping 103% to stand at $11.9 billion. ETH’s market cap stands at around $137 billion.

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.