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$706 Million in Ethereum Transferred by Anon Whales and Top Crypto Exchanges

News
Sat, 10/02/2021 - 10:43
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Yuri Molchan
Anonymous crypto whales and major digital exchanges have wired a whopping 214,861 Ethers
$706 Million in Ethereum Transferred by Anon Whales and Top Crypto Exchanges
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As per the data provided by Whale Alert DLT sleuth, over the past twenty hours, large crypto whales and top digital exchanges have made around ten transfers, carrying a total of $706 million worth of Ethereum.

Overall, approximately 214,861 Ethereum was transferred with the participation of anonymous large holders of Ether (aka whales) and major crypto exchanges, such as Gemini, Binance, Kucoin. The largest transfers here carried between 51,300 ETH and 42,859 ETH ($169,000,000 and $146,000,000).

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At the time of writing, the second largest cryptocurrency Ethereum is sitting at $3,284, as per CoinMarketCap. Earlier this week, it managed to recover the $3,000 level.

On Friday, founder and CEO of the 1confirmation venture fund supported by such billionaire investors as Mark Cuban and Peter Thiel, Nick Tamaino, shared that in the third quarter of 2021 over $1.35 billion worth of Ethereum (409,764 ETH) was burned.

Related
Ripple Locks 600 Million XRP in Escrow, While Helping Move 105 Million XRP

Burning mechanism for Ethereum was introduced with the London hardfork released on August 5 this year, which is helping Ethereum to become a deflationary cryptocurrency.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.