Whales Move $451.3 Million in ETH from Top Exchanges, ETH Balance on Platforms Hits Major Low

As per the data shared by Whale Alert crypto tracker, over the past twenty hours, a mammoth amount of Ether has been withdrawn from top-tier exchanges, such as Bitfinex, Binance, and smaller ones - 367,382 coins overall.

Meanwhile, according to a recent analytics report, ETH balance on crypto exchanges has dropped to a 15-month low.

Whales shift $451,300,000 million in ETH

Data shared by the team of Whale Alert service, which tracks large crypto transactions, says that over the past twenty hours, around a dozen transactions has been noticed carrying a total of 367,382 Ethers – more than $451 million.

The transfers mostly shifted large ETH lumps from such top exchanges, as Bitfinex, Binance and smaller platforms too.

Some transactions pushed ETH from one anonymous address to another.

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ETH balance on exchanges plummets

Glassnode analytics team has published a tweet, saying that users have been actively buying and withdrawing Ethereum from crypto exchanges.

According to the tweet, ETH balance on crypto trading venues has fallen to a 15-month low and represents 15,423,305.652 ETH.

ETH striving to recover to its new ATH mark

Earlier this month, the second largest cryptocurrency reached a new all-time high of $1,448 per coin. Since then, however, ETH rolled back and is changing hands at $1,227 at the moment and has been making attempts to recover to its new ATH and surpass it.