Ethereum Whale Suddenly Moves Over $102,000,000 in ETH – Here’s Where the Crypto is Heading

A crypto whale has just transferred 64,000 Ethereum (ETH) worth over one hundred million dollars to an unknown wallet.

According to blockchain tracking platform Whale Alert, tThis deep-pocketed crypto holder transferred $102,134,766 worth of ETH to an unknown address that still holds the transferred assets at the time of writing.

Ethereum network explorer Etherscan reveals that the sending wallet belongs to the US branch of Binance, the world’s leading crypto exchange.

The wealthy investor made a follow-up transaction on the same wallet just two hours after the mega transfer when he moved 15 ETH worth $23,988.

? ? ? ? ? ? ? ? ? ? 64,000 #ETH (102,134,766 USD) transferred from an unknown wallet to an unknown wallethttps://t.co/w3C58bfCsC

— Whale Alert (@whale_alert) August 31, 2022

Whale Alert also reported several other massive crypto transfers this week:

• 20,054 ETH worth $30,702,630 from an unknown wallet in Huobi
• 6,601 ETH worth $10,090,502 from an unknown wallet at OKX
• 19,999 ETH worth $31,572,906 from an unknown wallet at FTX
• 6,703 ETH worth $10,340,527 from Gemini to unknown wallet

Crypto analytics firm Santiment revealed earlier this month that Ethereum whales appear to be piling up as the price of the major altcoin hits a new high since June.

“Ethereum jumped over $1,880 after a positive CPI report on Wednesday. This two-month high price was accompanied by a major influx of ETH transactions worth $100,000 or more. occurs at the same time as whale addresses seem to accumulate.

ETH Currently changing hands for $1,589.54, down 1.4% on the day.

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Featured Image: Shutterstock/arvitalyaart