Significant Movement of Ether by a Major Whale: $154 Million Transferred to Exchanges

Monday, 12 August 2024, 14:57

A prominent whale has recently deposited a substantial amount of Ether, totaling 48,500 ETH, worth over $154 million, into OKX over the past 35 days. This activity indicates key trading strategies or market adjustments by large holders in the cryptocurrency sector. Such movements can influence market sentiment and valuations, raising questions about the potential impact on Ether's price stability moving forward.

CoinDesk — Significant Movement of Ether by a Major Whale: $154 Million Transferred to Exchanges

Overview of Recent Ether Whale Activity

A significant whale has made a notable move by depositing 48,500 ETH into the OKX exchange, circulating a total worth exceeding $154 million within a period of just 35 days.

Details of the Transfer

Total ETH Deposited: 48,500 ETH
Total Value: Over $154 million
Average Price During Transfers: $3,176

Market Implications

This substantial transfer by a whale may influence market prices and trading strategies among other investors. Keeping an eye on similar movements in the future can provide insights into market trends.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Overview of Recent Ether Whale Activity

Details of the Transfer

Market Implications

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