M In Ethereum Was Just Transferred Between 2 Wallets

$64M In Ethereum Was Just Transferred Between 2 Wallets

What happened: $64,446,812 worth of Ethereum ETH/USD was just moved between 2 anonymous cryptocurrency wallets in a single transaction.

What happened:

This mysterious person’s Ethereum wallet address has been identified as: 0xcffad3200574698b78f32232aa9d63eabd290703

0xcffad3200574698b78f32232aa9d63eabd290703

$64 million worth of Ethereum was sent to an unknown recipient, with Ethereum wallet address: 0x72a53cdbbcc1b9efa39c834a540550e23463aacb

0x72a53cdbbcc1b9efa39c834a540550e23463aacb

Why it matters: Cryptocurrency whales that own millions of dollars in Ethereum tend to move markets single-handedly. If the whale decides to exit this Ethereum position, there could be enough market impact to push down the price of ETH. It takes about $15 to $30 million of sell pressure to move the price of Ethereum down 2% on any given exchange.

Why it matters:

You can view more details about the transaction here

You can view more details about the transaction hereYou can view more details about the transaction here

According to Glassnode, there are 58,310 Ethereum wallets with over $100,000 in ETH.

GlassnodeSee Also:Best Crypto Apps 2021Best Crypto Portfolio Trackers

Ethereum is down -5% in the past 24 hours.

See Also:How To Buy Ethereum

Public Blockchain data sourced from Whale Alerts Twitter.

Whale Alerts Twitter

Source

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