On March 12, three whales moved a total of 244,148 ETH (~$357 million at the time of transactions) with an interval of several minutes.
According to Whale Alert, the first user sent 120,874 ETH worth over $177 million to an unknown address.
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 120,874 #ETH (177,177,677 USD) transferred from unknown wallet to unknown wallethttps://t.co/GJaJ3Cp8y6
— Whale Alert (@whale_alert) March 12, 2023
The second whale moved 96,638 ETH (over $141 million) also to an unidentified address.
🚨 🚨 🚨 🚨 🚨 🚨 96,638 #ETH (141,817,476 USD) transferred from unknown wallet to unknown wallethttps://t.co/NKfMeIqMVH
— Whale Alert (@whale_alert) March 12, 2023
A third unknown investor sent 26,636 ETH (~$39 million) to the Coinbase cryptocurrency exchange.
🚨 🚨 26,636 #ETH (39,143,078 USD) transferred from unknown wallet to #coinbasehttps://t.co/t7mCbBeGTt
— Whale Alert (@whale_alert) March 12, 2023
Also, Whale Alert recorded several large transactions with altcoins:
- 65,000,000 CRV (~$55M) translated to an unknown address;
- 20,000,000 CRV (~$17M) moved to the Aave lending protocol;
- 20,205,417 FRAX (~$19m) sent to the Frax protocol;
- 10,103,426 FRAX (~$9m) also sent in Frax;
- 537,352 SOLs (~$10M) translated to the Coinbase exchange.
As of the end of October 2022, the share of whales in the total supply of Ethereum reached 39%, and bitcoin – 11%.
Source: Cryptocurrency
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