Ethereum Whale Accumulates 7,447 ETH in 17 Hours, Boosting Holdings to $370 Million
On November 7th, COINOTAG News highlighted significant activity from a major cryptocurrency whale. An on-chain analysis conducted by @ai_9684xtpa has revealed that this wallet, which began accumulating a substantial total of 20,222 ETH since late October, has further increased its holdings by an impressive 7,447 ETH within a mere 17-hour period. This recent addition is valued at approximately $19.72 million. Notably, this entity has demonstrated a pattern of withdrawing a total of 11,951 ETH from exchanges throughout November, executing these transactions at an average price of $2,581 per ETH. Presently, the total value of assets held in this wallet stands at a remarkable $370 million, underscoring the influential role such investors play in the market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Dogecoin futures open interest hits all-time high — Is it a top signal for DOGE?
WisdomTree files for XRP ETF in Delaware
US Attorney behind Sam Bankman-Fried case will resign on Dec. 13
How High Will Cardano (ADA) Price Rise if It Mirrors its 2021 Bull Run? This Cheaper $0.09 will rise higher in 2025