An Ethereum (ETH) whale is suddenly moving hundreds of millions of dollars worth of ETH as the smart contract platform dips below $2,000.
According to data from the whale-watching platform Whale Alert, the deep-pocketed investor transferred nearly 150,000 ETH worth more than $313 million around the time of the transaction.
The Ethereum whale paid a fee of about 0.000945 ETH or $1.84 to make the multi-million-dollar transaction, according to Etherscan.
The whale moved the ETH from one unknown wallet to the crypto exchange Coinbase.
The receiving wallet made a number of transactions following the transfer and has a remaining balance of only about 2,744 ETH, according to Etherscan. The sending wallet has just 0.000986 ETH remaining.
Other notable Ethereum transfers by high-net-worth traders on Whale Alert’s radar include:
- 17,213 ETH worth $33.64 million transferred from an unknown wallet to Coinbase.
- 16,881 ETH worth $33.53 million transferred from an unknown wallet to Coinbase.
- 25,000 ETH worth $49.88 million transferred from the crypto exchange Bistamp to an unknown wallet.
- 29,997 ETH worth $62.16 million transferred from the crypto exchange Bithumb to an unknown wallet.
Ethereum underwent an ecosystem upgrade on April 12th known as “Shapella,” which refers to the simultaneous improvements made on both Shanghai, the project’s execution layer, and Capella, the project’s consensus layer. The upgrade also allows validators to withdraw their staked ETH.
At time of writing, Ethereum is trading for $1,946.
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/JoeyCheung
Credit: Source link
