en.bitcoinsistemi.com
While the answer to the question of whether there will be a big rise in Ethereum, which has been in a downward trend lately, continues to be sought, whales continue to accumulate $ETH.
Although whales continued to accumulate, another $ETH move came from FTX and Alameda, which transferred $ETH before significant price drops.
According to Spot on Chain's post, FTX and Alameda Research deposited another 4,500 $ETH (worth $14.4 million) to Coinbase and Binance during the day at approximately $3,207.
Whales Accelerated Ethereum Purchases!
While FTX and Alameda continue to dump $ETH, Tron (TRX) founder Justin Sun and whales, who have been purchasing large amounts of $ETH since the beginning of April, have accelerated their Ethereum purchases.
According to Lookonchain's post, an address labeled JustinSun and three whale addresses purchased a total of approximately $91.8 million worth of Ethereum from Binance.
“Whales are on the rise and accumulating $ETH!
0x4359 (probably JustinSun) withdrew 4,666 $ETH ($14.91 million) from Binance again 6 hours ago. Sun has purchased 132,054 $ETH (valued at $420 million) since April 8 at $3,173.
The new wallet “0x9EB0” withdrew 7,182 $ETH (worth $23.06 million) from Binance in the last 18 hours.
0x4446 withdrew 11,892 $ETH ($37.77 million worth) from Binance in the last 2 days, then converted that $ETH into USDT on Compound.
0x1958 withdrew 5,181 $ETH ($16.28 million worth) from Binance again 34 hours ago, then deposited it to Bedrock and Pendle.”
Whales are bullish and accumulating $ETH!
0x4359 (possibly #JustinSun) withdrew 4,666 $ETH($14.91M) from #Binance again 6 hours ago and he had bought 132,054 $ETH($420M) at $3,173 since Apr 8. https://t.co/ET5sqAhv9X
Fresh wallet"0x9EB0" withdrew 7,182 $ETH($23.06M) from… pic.twitter.com/NRakiuqNbp
— Lookonchain (@lookonchain) April 23, 2024
*This is not investment advice.