14,770 Ethereum (ETH) Worth 28,595,422 USD Transferred From Unknown Wallet

• The transaction took place at 01:06:10 UTC on May 19, 2022.
• This testnet is considered an accurate representation of Ethereum’s mainnet.

The Ropsten testnet Merge is scheduled to take place on June 8, a significant testing milestone for the Ethereum ecosystem. On Monday, Ethereum DevOps developer Parathi Jayanathi published a pull request for the Ropsten testnet Merge configuration code on GitHub, which indicates that the implementation is ready.

The Geth development team manages Ropsten, one of many testnets launched by the Ethereum Foundation. Because of its similar network topology, this testnet is considered an accurate representation of Ethereum’s mainnet. A realistic deployment test may be performed before any changes are made to the mainnet.

The Ropsten testnet Merge will merge the Proof of Work (PoW) network with a new Proof of Stake (PoS) consensus layer testnet, with the genesis date scheduled for May 30. Using this tool, one can see what will happen when the Merge between Ethereum and the Beacon Chain eventually occurs and becomes a PoS network. The Ethereum Foundation’s revelation earlier this week that it has “merged” its PoW mainnet and PoS consensus layer bug bounty programs into one is another indication that things are heading in the right way.

Whale Alert

Whale Alert collects and maintains data from several blockchains in a single standard manner in its databases. FTX has received 14,770 ETH from a whale through an anonymous wallet. An analytics and monitoring business, Whale Alert, said that the transaction was valued at a total of 28,595,422 USD.

ETH transfers at hundreds of millions of dollars every night show that the crypto whales are back in business. According to data from Whale Alert, the transaction took place at 01:06:10 UTC on May 19, 2022.