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$1.19 Billion in ETH Shoveled by Whales and Top Exchanges as ETH Rises Above $3,600

source-logo  u.today 14 October 2021 09:35, UTC
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Whale Alert Twitter bot that shares details of large crypto transactions has recently tweeted that in the past twenty-four hours, anonymous whales and major crypto trading venues have made over a dozen transactions of Ethereum.

The total amount of Ether shifted in large lumps constitutes an amazing $1.2 billion worth of $ETH. In the meantime, Ethereum has risen almost 7 percent from yesterday’s low of $3,427, going above $3,600.

$1.2 billion in Ether shifted by whales

As per the data shared by the WA blockchain tracker, almost twenty large Ethereum transactions have been made recently. These transfers carried from 10,000 $ETH (worth approximately $34,641,671) to 30,000 $ETH and 58,000 (approx. $201,696,543).

Overall, sixteen transactions were conducted. They were made between both anonymous wallets and anon addresses and crypto exchanges – mostly, Binance, but also FTX.

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Ethereum regains $3,600

Over the past four days, the second largest cryptocurrency $ETH has been trading in a range, going down to the $3,400 zone and then rising back to $3,500. Today, for the second time, though, Ethereum broke above that price mark, hitting the $3,650 line.

Ethereum whales keep adding coins to their wallets

Recent data shared by the on-chain vendor Santiment shows that large Ethereum holders, known as whales, continue to buy more Ethers.

According to the analytic firm’s tweet, the amount of $ETH held by the top 10 non-exchange whale addresses keeps rising, while top 10 non-exchange wallets’ holdings are decreasing.

If the rise in this ratio between whales continues, this will be bullish for Ethereum, Santiment analysts say.

u.today