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While the leading cryptocurrency Bitcoin ($BTC) continues its horizontal course, the largest altcoin Ethereum exceeded $ 3,100 over the weekend. Although there was no catalyst that directly triggered this rise, $ETH reached up to $3,135.
While $ETH provides more profits compared to $BTC, Ethereum is also on the whales' radar. At this point, Lookonchain stated that whales have been collecting $ETH recently.
Accordingly, the whale named 0x8B94 withdrew and staked 14,632 $ETH (worth $45.5 million) from Binance in the last 6 days.
Apart from this, 2 fresh whale wallets withdrew 6 thousand $ETH (worth $18.7 million) from Kraken in the last 2 days.
Yet another whale bought 2,000 $ETH ($6.2 million worth) from Kraken today, accumulating 26,380 $ETH ($81.77 million) at $2,255 since May 24, 2023. This whale's unrealized profit is worth $22.3 million at current prices.
“Whales are accumulating $ETH!
0x8B94 has withdrawn and staked 14,632 $ETH ($45.5 million worth) from Binance in the last 6 days.
2 fresh whale wallets withdrew 6 thousand $ETH (worth $18.7 million) from Kraken in the last 2 days.
The whale named 0x78d0 bought 2,000 $ETH (worth $6.2 million) from Kraken about 10 minutes ago and has accumulated 26,380 $ETH ($81.77 million) at $2,255 since May 24, 2023.
“This whale's unrealized profit is worth $22.3 million at current prices.”
Ethereum continues to trade at $3,093 at the time of writing.
The whale accumulated 2,000 $ETH($6.2M) from #Kraken again 10 mins ago and has accumulated 26,380 $ETH($81.77M) at $2,255 since May 24, 2023.
The unrealized profit is $22.3M at the current price.https://t.co/3ToWyQSPvW pic.twitter.com/yIX6lfq7pE
— Lookonchain (@lookonchain) February 26, 2024
*This is not investment advice.