u.today
Prominent blockchain tracking platform Whale Alert, which monitors large cryptocurrency transfers and shares the details on its official X account, has spotted six consecutive Ethereum transfers, each carrying slightly more than $100 million worth of $ETH.
All these transactions took place within a single hour, according to the on-chain data source.
168,000 $ETH moved mysteriously to unknown wallets
As stated above, several hours ago, Whale Alert spotted six massive cryptocurrency transactions, each carrying approximately 27,970 $ETH. Each of these transactions was worth roughly between $100.5 million and $100.7 million in fiat.
All of them were transferred between anonymous blockchain addresses, totaling roughly 168,000 $ETH valued at $603,385,283 as of this writing.
🚨 🚨 🚨 🚨 🚨 27,980 #$ETH (100,679,275 USD) transferred from unknown wallet to unknown new wallethttps://t.co/wiIY83CQns
— Whale Alert (@whale_alert) January 4, 2025
This anonymous whale activity took place as the price of the second biggest cryptocurrency by market capitalization size, Ethereum, printed a surge of almost 6%, going up from $3,430 to touch on the $3,628 price mark. By now, $ETH has seen a small drawdown of approximately 1.5%, and at the time of this writing, it is changing hands at $3,575.
BlackRock Ethereum ETF hits big new milestone
In the meantime, a Chinese cryptocurrency journalist and blogger Colin Wu has reported that on Friday, Jan. 3, the overall net inflow in post Ethereum exchange-traded funds (ETFs) constituted an impressive $58.78 million. The lion share of that comprised the net inflow of BlackRock’s ETHA — in a single day, it welcomed $33.88 million.
On January 3, the total net inflow of Ethereum spot ETF was $58.7878 million. The net inflow of BlackRock ETF ETHA in a single day was $33.8836 million. Currently, the total net inflow of ETHA has reached $3.559 billion. https://t.co/Tvs2oCSxTg pic.twitter.com/suWwNsuqMI
— Wu Blockchain (@WuBlockchain) January 4, 2025
As of now, the total inflows of BlackRock’s Ethereum ETF has reached the $3,559 billion mark.
Still, on the same day, BlackRock’s Bitcoin spot ETF IBIT faced the largest single day outflow of $332.6 million equal to approximately 3,413 $BTC. This is the largest single outflow since the ETF’s launch, which even exceeded the previous one spotted Dec. 24, when $188.7 million worth 1,933 $BTC were dumped by the exchange-traded fund operated by BlackRock giant.
During the last week of 2024, renowned Bitcoin investor Robert Kiyosaki criticized BlackRock and its boss Larry Fink for selling $BTC. Kiyosaki stated that BlackRock was dumping Bitcoin to keep its price below $100,000 to allow whales to buy digital gold at a large discount. Many influencers on the X app then drew public attention to these huge $BTC outflows of BlackRock.