Thursday, September 28

© Reuters. Anonymous Crypto Wallet Moves $116M Worth Of Ethereum

Benzinga – What happened: $116,112,896 worth of (CRYPTO: ETH) was just moved between 2 anonymous cryptocurrency wallets in a single transaction.

This mysterious person’s Ethereum wallet address has been identified as: 0xdd286214156a1558c55319a5591e8e5726300dfe

$116 million worth of Ethereum was sent to an unknown recipient, with Ethereum wallet address: 0x8c95306141c67e885f9608e7042e450f223b8524

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.

You can view more details about the transaction here

According to Glassnode, there are 59,091 Ethereum wallets with over $100,000 in ETH.

Price Action: Ethereum is up 3% in the past 24 hours.

Public Blockchain data sourced from Whale Alerts Twitter.

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

© 2023 Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga


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