BTC

$60732.982

-1.74%

ETH

$3385.396

-2.12%

BNB

$570.368

-2.21%

XRP

$0.475

-0.26%

Analysis

ETH Whale Awakens After 2 Years, Transfers 10,000 ETH In Astonishing 4-Day Spree

September 19, 2023 - Around 2 mins mins to read

Key Points:

  • A dormant ETH whale woke up and moved $16.5M worth of ETH to exchanges.
  • The whale withdrew the same amount within 4 days after depositing it.
A dormant ETH whale reactivated, moved $16.5M ETH to exchanges (Binance, OKX, KuCoin), withdrew same amount within 4 days.

A whale that had remained inactive for two years suddenly woke up four days ago and initiated a transaction, moving a whopping 10,000 Ethereum (ETH), valued at approximately $16.5 million at the time, out of its wallet.

This was followed by an interesting series of deposits totaling 10,000 ETH to major exchanges, including Binance, OKX, and KuCoin, all executed through three distinct addresses. The most recent development witnessed the whale transferring 10,000 ETH out again.

ETH Whale Awakens After 2-Year Dormancy, Transfers $16.5M In Astonishing 4-Day Spree

In a CoinCu’s recent report, another whale moved 8,000 ETH (equivalent to $13.24 million) to Binance, at a time when the Ethereum market was trading at $1,665.

Interestingly, this whale had already made a sizeable transfer of 4,000 ETH between August 29th and August 31st, amounting to a total of 12,000 ETH, valued at $20 million, sent to Binance within a span of just 20 days.

To add to the intrigue, this particular address received a substantial sum of 64,000 ETH, equivalent to a staggering $106 million, from another address shortly after its creation in March.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

.eth

.eth domain

# Ethereum

#Ethereum

ETH Whale

Avatar of Thana

Author

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.
Analysis

ETH Whale Awakens After 2 Years, Transfers 10,000 ETH In Astonishing 4-Day Spree

Key Points:

  • A dormant ETH whale woke up and moved $16.5M worth of ETH to exchanges.
  • The whale withdrew the same amount within 4 days after depositing it.
A dormant ETH whale reactivated, moved $16.5M ETH to exchanges (Binance, OKX, KuCoin), withdrew same amount within 4 days.

A whale that had remained inactive for two years suddenly woke up four days ago and initiated a transaction, moving a whopping 10,000 Ethereum (ETH), valued at approximately $16.5 million at the time, out of its wallet.

This was followed by an interesting series of deposits totaling 10,000 ETH to major exchanges, including Binance, OKX, and KuCoin, all executed through three distinct addresses. The most recent development witnessed the whale transferring 10,000 ETH out again.

ETH Whale Awakens After 2-Year Dormancy, Transfers $16.5M In Astonishing 4-Day Spree

In a CoinCu’s recent report, another whale moved 8,000 ETH (equivalent to $13.24 million) to Binance, at a time when the Ethereum market was trading at $1,665.

Interestingly, this whale had already made a sizeable transfer of 4,000 ETH between August 29th and August 31st, amounting to a total of 12,000 ETH, valued at $20 million, sent to Binance within a span of just 20 days.

To add to the intrigue, this particular address received a substantial sum of 64,000 ETH, equivalent to a staggering $106 million, from another address shortly after its creation in March.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Visited 89 times, 1 visit(s) today