Whales and exchanges have transferred nearly $360 million worth of Ethereum

Whale Alert has reported that an incredible amount of Ethereum has been poured in by major owners and several major crypto exchanges. In the past 24 hours, almost 105,199 ETH were transferred in large transactions initiated by crypto whales. Transfers are made between anonymous wallets and from exchanges to wallets without registered owners.


Source: Whale Alert

105,199 Ethereum on the move

Over the past twenty-four hours, almost 105,199 ETH have been transferred in massive transactions initiated by crypto whales. The transfers were made between anonymous wallets and from exchanges to wallets with no registered owners. The total worth of these Ethereum transfers constitutes $359,930 470 in fiat.


Source: Whale Alert

One day before, the most significant transaction carried 168,220 ETH, a whopping $562,204,337, conducted between unknown wallets. Among the other transfers, there have been stashes of over 29,000 ETH, two lumps of 60,000 ETH, 26,678 ETH, and 27,251 ETH (this one moved from Binance) 12,480 ETH was transferred to HitBTC.


Source: Whale Alert

Before that, the Bitcoin price at one point surged to over $46,000, causing ETH to also surge to $3,440 after $35 million of ETH was burned. ETH rallied 4.30% and rallied to the $3,439 level. Before that, it rose from $3,236 to the $3,297 price mark.

The current level was lost by Ethereum on September 10 when it was falling from the $3,900 area. At the time of writing, ETH is changing hands at $3,274, down 16% in the last 24 hours.


ETH/USD 4-hour chart | Source: TradingView

Ethereum is gradually deflated after the hard fork in London took place in early August, and the ETH burning mechanism was activated. Around $35 million in ETH was burned as the number of active addresses on the network hit an all-time high – 6.2 million wallets holding 0.01-1 ETH year-to-date.

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