• About
  • Advertise
  • Privacy & Policy
  • Contact
Cryptos Valuator
  • Home
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Ethereum
  • Exchanges
No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Ethereum
  • Exchanges
No Result
View All Result
Cryptos Valuator
No Result
View All Result
Home News

Ethereum Whales Transfer 100,000 ETH in 24 Hours

July 2, 2021
in News
0
Ethereum Whales Transfer 100,000 ETH in 24 Hours
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter

Ethereum, the world’s second-largest cryptocurrency, reached an all-time high of $1,470 today after a massive rally. ETH whales are transferring a significant amount to digital exchanges and unknown wallets. A total of 5 ETH transactions involving nearly 100,000 Ethereum were highlighted in the last 24 hours.

According to the data published by Whale Alert, a blockchain tracker and analytics company, unknown Ethereum whales transferred more than 46,000 ETH in two separate transactions from crypto exchange Binance to unknown wallets.

The tracker showed that 9,000 Ethereum were transferred from Crypto.com to an unidentified wallet. Another transfer involving 25,450 ETH was recorded when an unidentified user transferred the cryptocurrency worth nearly $35 million to another unknown crypto wallet. The movement of 19,000 ETH was also reported to an unidentified wallet.

The total value of the mentioned transactions stands at around $140 million. Over the weekend, a significant transaction was recorded when 57,625 Ethereum were transferred from Bitfinex to an unknown wallet. The price of Ethereum jumped nearly 100% since the start of 2021. The recent transfers from major crypto exchanges indicate that ETH whales are planning to accumulate the cryptocurrency to create a potential supply shortage of the world’s second-largest crypto asset.

Ethereum’s Outflow

The outflow of Ethereum from major digital exchanges has been evident for the last few days as a massive amount of ETH has already left cryptocurrency exchanges. According to a crypto analytic company, Glassnode, ETH accumulation is on the rise as the Ethereum balance on prominent exchanges fell 4.5% since last week. Apart from Ethereum, other crypto-assets like TRX and LINK were involved in prominent transactions. One of the key reasons behind the recent moves is a significant rise in the price of Altcoins. Furthermore, Ethereum, Polkadot, Cardano, Stellar, Litecoin, Chainlink and Bitcoin Cash, all are up in double-digits since last week, compared to a 10% drop in BTC price. Crypto whales are accumulating digital assets to diminish supply.

Previous Post

Digital Yuan Compatible with at Least Eight Chinese Bank Platforms

Next Post

Crypto Trader “Coin Signals” Faces Charges Involving $5 million Investments

Next Post
Crypto Trader “Coin Signals” Faces Charges Involving $5 million Investments

Crypto Trader “Coin Signals” Faces Charges Involving $5 million Investments

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 111 Followers
  • 23.5k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest
Venezuela Considers Proposal to Include Bitcoin in Central Bank Reserves

Venezuela Considers Proposal to Include Bitcoin in Central Bank Reserves

June 23, 2021
Newegg Expands Bitcoin Payment Option To 73 More Countries

Newegg Expands Bitcoin Payment Option To 73 More Countries

July 4, 2021
World of Ether Goes Live on Ethereum Mainnet, Soon Becoming Top Ranked Crypto Game

Black Friday Drags Crypto Market Down, Bitcoin & Ethereum Price Plunges

August 4, 2021
World of Ether Goes Live on Ethereum Mainnet, Soon Becoming Top Ranked Crypto Game

Enterprise Ethereum Alliance Opens Regional Office In South Korea

August 6, 2021
UPbit Audit Reveals That South Korea’s Cryptocurrency Exchange is Not Guilty

UPbit Audit Reveals That South Korea’s Cryptocurrency Exchange is Not Guilty

Goldman Sach’s Cryptocurrency Startup Circle Raises $110 Million Led By Bitmain Technologies

Goldman Sach’s Cryptocurrency Startup Circle Raises $110 Million Led By Bitmain Technologies

NASDAQ-Powered Crypto Exchange To Go Live in June 2018

NASDAQ-Powered Crypto Exchange To Go Live in June 2018

Why is ZCash Price Rising ? | Latest Crypto News

Why is ZCash Price Rising ? | Latest Crypto News

BTC and ETH Suffer Further Price Drops Following $110M Liquidation

Bitcoin Drops Near $27K, Altcoins Post Double Digit Losses With 1 Billion Worth Liquidated; Here’s What Might Be Next

May 20, 2022
Cryptocurrencies Might Be Subject to Global Legislation as Early as 2023

Terra’s Co-Founder Suggests a Hard Fork To Save the Terra Ecosystem

May 19, 2022
Cryptocurrencies Might Be Subject to Global Legislation as Early as 2023

El Salvador Hosts Central Banks To Discuss the Bitcoin Rollout

May 19, 2022
Cryptocurrencies Might Be Subject to Global Legislation as Early as 2023

The Cryptocurrency Market Flashes Contrarian “Buy” Signal, When Is the Best Time To Buy Bitcoin and Altcoins?

May 19, 2022

Recent News

BTC and ETH Suffer Further Price Drops Following $110M Liquidation

Bitcoin Drops Near $27K, Altcoins Post Double Digit Losses With 1 Billion Worth Liquidated; Here’s What Might Be Next

May 20, 2022
Cryptocurrencies Might Be Subject to Global Legislation as Early as 2023

Terra’s Co-Founder Suggests a Hard Fork To Save the Terra Ecosystem

May 19, 2022
Cryptocurrencies Might Be Subject to Global Legislation as Early as 2023

El Salvador Hosts Central Banks To Discuss the Bitcoin Rollout

May 19, 2022
Cryptocurrencies Might Be Subject to Global Legislation as Early as 2023

The Cryptocurrency Market Flashes Contrarian “Buy” Signal, When Is the Best Time To Buy Bitcoin and Altcoins?

May 19, 2022
Cryptos Valuator

Follow Us

Browse by Category

  • Altcoin News
  • Bitcoin
  • Bitcoin News
  • Blockchain
  • Blockchain News
  • Business
  • Coins
  • Cryptocurrency
  • Cryptonews Deals
  • DeFi News
  • Economy
  • Ethereum
  • Ethereum News
  • Events
  • Exchanges
  • General
  • ICOs
  • Industry Talk
  • Markets
  • News
  • NFT News
  • Opinion
  • Press Releases
  • Regulation
  • special site
  • Sponsored
  • World

Recent News

BTC and ETH Suffer Further Price Drops Following $110M Liquidation

Bitcoin Drops Near $27K, Altcoins Post Double Digit Losses With 1 Billion Worth Liquidated; Here’s What Might Be Next

May 20, 2022
Cryptocurrencies Might Be Subject to Global Legislation as Early as 2023

Terra’s Co-Founder Suggests a Hard Fork To Save the Terra Ecosystem

May 19, 2022
  • Terms & Conditions
  • Privacy Policy

© 2021 Cryptos Valuato

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Ethereum
  • Exchanges

© 2021 Cryptos Valuato