Ethereum Whales Move Nearly 79,000 Coins to Gate.io and Coinbase
Four ethereum whales have transferred a total of 78,900 coins to the crypto exchanges Gate.io and Coinbase in the past 24 hours. The largest transaction, amounting to 15,000 ETH, was sent to Gate.io, while the remaining three transactions, each involving over 21,000 ETH, were sent to Coinbase. The total value of these transactions is approximately $150.3 million.
Despite the movement of these assets, the price of ETH has experienced a slight decline of 0.23% in the same timeframe. Currently trading at $1,905 with a market capitalization of $229 billion and a 24-hour trading volume of over $6 billion, Ethereum is down 6% from its recent high of $2,026 on July 14.
This recent transfer of ethereum follows another significant movement of 61,216 ETH to the Kraken exchange on July 19. The total value of this transaction amounted to roughly $116 million.
Key Points:
– Four ethereum whales have transferred a total of 78,900 coins to Gate.io and Coinbase.
– The largest transaction, 15,000 ETH, was sent to Gate.io.
– The remaining three transactions, each involving over 21,000 ETH, were sent to Coinbase.
– The total value of these transactions is approximately $150.3 million.
– Despite the movement of assets, the price of ETH has experienced a slight decline of 0.23%.
Hot Take:
The recent movement of ethereum by these whales to Gate.io and Coinbase highlights their activity in the crypto market. However, the slight decline in ETH’s price suggests that market conditions may be impacting these decisions. It will be interesting to see how this movement of assets and market trends affect the overall stability and future price of Ethereum.
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