According to data published by analytics account @OnchainDataNerd, a former Ethereum wallet made another massive crypto transaction, moving millions in ETH to the largest exchange in the US: Coinbase.
According to data published by analytics account @OnchainDataNerd, a former Ethereum wallet made another massive crypto transaction, moving millions in ETH to the largest exchange in the US: Coinbase.
Along with other large ETH transactions on the same and other large exchanges, this may be indicative of an impending liquidation.
Old whale sends ETH to Coinbase along with other whales
The aforementioned tweet claimed that a cryptocurrency whale who set up his wallet eight years ago (in 2016) made another large transaction to the US-based cryptocurrency exchange Coinbase, the only publicly traded exchange in the country until now.
This whale bought 12,427 ETH on Poloniex at an average price of $11. Now, they are selling 4,153 ETH at $2,984 per coin, which is a huge growth of 27,027.27%. The ETH they sent to Coinbase is now worth over $12 million in fiat money.
Another old whale moved 614 ETH to Kraken several hours ago. They bought it five years ago at an average price of $195. The ETH they sent to the exchange is valued at $1.79 million. This whale still has 1,329 ETH worth almost $4 million in his cryptocurrency wallet.
More whales sending ETH to exchanges now
Popular cryptocurrency tracker Whale Alert has detected a couple of tremendous ETH transactions made to Coinbase. In the last 24 hours, three anonymous transactions have been detected transporting significant amounts of Ethereum to Coinbase.
Three different unknown whales shoveled 30,020 ETH; 11,192 ETH and 11,207 ETH to this centralized crypto exchange. However, the first transaction was for Coinbase Institutional. These Ethereum chunks were valued at $86,959,077; $32,273,912 and $32,683,631.
The awakening of Satoshi-era Bitcoin wallets
The aforementioned source, Whale Alert, also noticed two old Bitcoin wallets coming back to life after a staggering period of inactivity. Both were last active almost eleven years ago, in 2013, that is, two years after the mysterious creator of Bitcoin, Satoshi Nakamoto, decided to disappear from public space. Before he disappeared, he left BTC in the hands of enthusiastic developers.
Each of these wallets contained 500 Bitcoins valued at $30,514,975 and $30,494,084. The potential profit of whales has increased by a staggering 49,274%.
