The on-chain analysis platform, Lookonchain, took to Twitter earlier today to share some new insights about a particular Ethereum (ETH) whale. According to the post, whale “0x8033” transferred 75,331 ETH tokens, worth about $144 million, to a Bitfinex hot wallet nearly two hours ago.
ETH whale transactions (Source: Twitter)
Lookonchain also added that previously, the same whale received 76,212 ETH from Bitfinex on January 5 of 2019 when the price of the altcoin was still only $156. After this, the whale deposited 900 ETH into Tornado Cash on December 6 of 2020.
The fact that the whale made the decision to move thousands of ETH to an exchange could imply that the whale is getting ready to trade his ETH soon. Despite this, CoinMarketCap indicates that ETH is currently one of the best-performing cryptos among the top 10 cryptocurrencies by market cap.
ETH price (Source: CoinMarketCap)
At the moment, ETH is trading hands at $1,910.80 after a 4.99% price increase over the last 24 hours. The altcoin was also able to reach a high of $1,921.27 and a low of $1,820.71 over the same time period. In addition to this, ETH also strengthened against BTC by more than 3%.
Looking at ETH’s weekly performance, its positive gains over the last day has had a very positive impact on the altcoin as it is now up by just under 5% over the last week. ETH’s 24-hour trading volume is currently in the green zone, and stands at $11,580,680,682 after a more than 23% increase since yesterday.
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Source: Cryptocurrency - investing.com
