HomeEthereumWhales Steeply Move Nearly $400,000,000 Into Ethereum As Crypto Markets Plunge –...

Whales Steeply Move Nearly $400,000,000 Into Ethereum As Crypto Markets Plunge – This Is Where The Crypto Goes


Whales are suddenly moving hundreds of thousands of Ethereum (ETH) as crypto markets witness a severe sell-off event.

Blockchain survey service Whale Alert detected a series of Ethereum transactions totaling 353,579 ETH and worth nearly $400 million.

One of the largest transactions of the past day involved a deep-pocketed investor abruptly relocating 149,999 ETH worth $276.16 million from a wallet of unknown origin to US-based cryptocurrency exchange Coinbase.

Whale Alert shows that the crypto whale paid around $3 in transaction fees to move the huge Ethereum stack.

A different entity too moved 149,999 ETH worth $276.16 million from an unknown wallet to Coinbase. The crypto whale shelled out just over $3 for the transfer.

Whale Alert also reports three other large Ethereum transactions that saw tens of thousands of ETH move from unknown wallets to Coinbase.

Since all of the ETH mentioned was moved to a crypto exchange, they could potentially be sold on the open market.

As of this writing, Ethereum is trading at $1,809, down almost 4% in the last 24 hours.

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