According to the data shared by the blockchain sleuth @OnchainDataNerd on the X social media app, over the past few hours, four new whales have purchased substantial ETH chunks on the leading US-based Coinbase exchange.
Besides, Whale Alert crypto tracker has spotted a massive ETH chunk withdrawn from the Binance exchange to an anonymous wallet.
86,700 ETH withdrawn from exchanges
Per tweet of the aforementioned source, three new whales together purchased 47,760 ETH in total over the past 24 hours. This amount of Ethereum was worth $82.97 million at the time of the purchases.
Another new wallet bought and withdrew 8,310 ETH from Coinbase worth $15.09 million, paying $1,816 per coin for that.
Another whale, according to Whale Alert, shifted a total of 30,709 ETH from Binance half an hour ago.
Ethereum price adds 7.5%
Over the last 24 hours, the second largest cryptocurrency Ethereum has surged by a substantial 7.5%, surging from $1,717 range to the $1,846 level. A marginal decline of 1.13% followed, pushing Ethereum down to $1,828 per coin on the Bitstamp exchange.
Ethereum and the rest of the crypto market have been on the rise, following the flagship cryptocurrency Bitcoin – within the last 24 hours, BTC spiked by 9.73%, soaring from $31,446 to $34,505. The price rise has been driven by the growing hype about the potential approval of the Bitcoin spot ETF this year by the SEC regulator.