Crypto News

Ethereum whales moves $64M worth of ETH from major exchanges

Array
three Ethereum (ETH) whales have transferred around $64 million worth of ETH from centralized exchanges (CEX) Binance and Kraken

Recently, three Ethereum (ETH) whales have transferred around $64 million worth of ETH from centralized exchanges (CEX) Binance and Kraken. This indicate a mix of security measures and investment strategies.

The transaction that caught the attention of the crypto community involved an investor pulling 14,632 ETH, valued at around $45.5 million, from Binance exchange within a week, and staking the entire sum, indicating a strong belief in Ethereum’s future growth.

On the other hand, Kraken exchange saw withdrawals totaling 6,000 ETH, worth $18.7 million, by two newly identified investors over two days.

It is worth noting that another investor methodically acquired 2,000 ETH from Kraken, reaching a total holding of 26,380 ETH since May 24th, 2023. This accumulation has grown in value to over $85.2 million, realizing an unrealized profit exceeding $26 million.

A wallet associated with Justin Sun, the founder of TRON Network, was reported to have bought 13,780 ETH from Binance, totaling an investment of over $41 million.

Over the last 13 days, this account bought 168,369 ETH, now worth over $543 million. Ethereum’s market performance has been strong, witnessing a more than 5% increase in the last 24 hours.

Tags

Sophia Hernandez is an experienced crypto writer who has been writing about crypto and blockchain technology for 3 years. She has a deep understanding of the complexities of the crypto market and is skilled at breaking down these concepts into easy-to-understand language for readers.