$140M In Ethereum Was Simply Transferred Between 2 Wallets - Ethereum (ETH/USD) - Benzinga

What occurred: $140,569,324 value of Ethereum ETH/USD was simply moved between 2 nameless cryptocurrency wallets in a single transaction.

This mysterious particular person’s Ethereum pockets deal with has been recognized as: 0x756d64dc5edb56740fc617628dc832ddbcfd373c

$140 million value of Ethereum was despatched to an unknown recipient, with Ethereum pockets deal with: 0x96672d3dbd7448c17c8a80e8d0c6911c72c6b80b

Why it issues: Cryptocurrency whales that personal thousands and thousands of {dollars} in Ethereum have a tendency to maneuver markets single-handedly. If the whale decides to exit this Ethereum place, there may very well be sufficient market influence to push down the value of ETH. It takes about $15 to $30 million of promote strain to maneuver the value of Ethereum down 2% on any given trade.

You can view more details about the transaction here

In response to Glassnode, there are 68,039 Ethereum wallets with over $100,000 in ETH.

See Additionally: Best Crypto Apps 2021 and Best Crypto Portfolio Trackers

Worth Motion: Ethereum is down 0% previously 24 hours.

See Additionally: How To Buy Ethereum

Public Blockchain knowledge sourced from Whale Alerts Twitter.

This text was generated by Benzinga’s automated content material engine and reviewed by an editor.