Cointime

  • BTC $16272.73 0.05 %
  • ETH $1180.43 0.11 %
  • BCH $111.60 0.27 %
  • SOL $13.52 0.22 %
  • XRP $0.39 0.28 %
  • BNB $296.30 0.37 %

Large ETH Whales Just Accumulated 947K ETH Worth $1B+ in a Day

1 min read Original Link

Despite the emerging pattern of selloffs that have prevailed amid the market downturn witnessed in the crypto space, large Ethereum whale addresses have recently added 947,940 ETH valued at $1.03B in a day marking the fifth largest daily accumulation the past year.

The ETH tokens accumulated by these whale addresses represent 1.8% of the total ETH supply, as disclosed by the crypto analytics platform Santiment. Notably, the firm observed the massive accumulation in the late hours of Tuesday.

(by Ammara Mubin)

All Comments