Whale Alert- 4,991 Ethereum (ETH) Transferred From Unknown Wallet to FTX

• The price of ETH has risen beyond $3,300.
• ETH has gained 2.89 percent in the previous 24 hours.

Both Bitcoin and Ethereum have achieved significant gains over the previous several days, breaking over important resistance points. When it comes to cryptocurrencies, BTC has reached a high of $48,000, while the price of ETH has risen beyond $3,300 recently. Ethereum has experienced similar volatility this year as Bitcoin. Nevertheless, whales continue to amass Ethereum (ETH) on the sidelines.

On-chain data provider Santiment reports:

“The number of #Ethereum addresses with 10k+ $ETH has grown to the largest amount (1,329) since December, 2021. This includes 40 more in just 5 weeks. There has been an evident correlation between the number of whale addresses & future price movement.”

In its databases, Whale Alert compiles all of the transactions from various blockchains, analyses them, and then saves them in a uniform style. Each of these databases is regularly updated with the assistance of AI and contains tens of thousands of known individual addresses, exchanges, and addresses.

Whale Alert

The FTX exchange has received a massive quantity of ETH from an unidentified wallet. An analytics and monitoring firm, Whale Alert, said that the transaction was valued at $16,942,284 USD. Crypto whales have moved hundreds of millions of dollars of ETH dollars overnight. The Whale Alert monitoring and analysis program initially discovered the major crypto transfer networks.

According to data from Whale Alert, the transaction took place at 03:04:58 UTC on March 29th, 2022. The ETH, on the other hand, has gained 2.89 percent in the previous 24 hours. According to CoinMarketCap, Ethereum price today is $3,395.56 USD with a 24-hour trading volume of $19,989,225,521 USD.