Ethereum

2024

Giant

Spot

<ul class="news-points"> 
 <li>The Ethereum whale accumulated 13,526 ETH below $3,000 apiece.</li> 
 <li>The whale withdrew an additional 40 million USDT from Binance.</li> 
 <li>According to data, the Ethereum whale has been accumulating ETH since Feb 19.</li> 
</ul> 
<a href="https://coinedition.com/ethereum-eth-price-prediction/" target="_blank" rel="noreferrer noopener">Ethereum price</a> has surged by over 30% since the beginning of 2024, reaching the $3,000 level. The highest level recorded in 2024 was $3,033. Following these developments, observed movements in on-chain data indicate that whales are accumulating more ETH. 
Spot On Chain, a platform that shares on-chain data, posted information today suggesting that a whale address may have acquired approximately 13,526 ETH at around $2,947 apiece. The current value of these ETH holdings exceeds $39 million. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Giant whale 0x7a9 allegedly bought 13,526 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a> ($39.85M) at ~$2,947 again! • withdrew 10,136 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a> ($29.85M) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Binance</a> • bought 3,390 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a> with 10M <a href="https://twitter.com/search?q=%24USDT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$USDT</a> <a href="https://twitter.com/hashtag/1inch?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#1inch</a> Overall, the whale has bought 64,501 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a> ($185.5M) in the past 3 days! It also withdrew another 40M <a href="https://twitter.com/search?q=%24USDT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$USDT</a> from… <a href="https://t.co/UHIVXfx6Wq" target="_blank" rel="nofollow">https://t.co/UHIVXfx6Wq</a> <a href="https://t.co/ySbvIv2mux" target="_blank" rel="nofollow">pic.twitter.com/ySbvIv2mux</a>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1760231029741330928?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">February 21, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
According to the data shared by the platform, the whale withdrew 10,136 ETH from Binance and …
The post <a href="https://coinedition.com/are-whales-accumulating-ethereum-on-chain-platform-shares-data/">Are Whales Accumulating Ethereum? On-Chain Platform Shares Data</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Are Whales Accumulating Ethereum? On-Chain Platform Shares Data

Coin Edition

Other articles published on Feb 21, 2024

Microsoft Ventures into Networking Hardware Development to Enhance Azure Infrastructure

Polkadot Traders Follow Fund That Move Huge Bitcoin (BTC) Investment Into DeeStream (DST) Presale...

VanEck’s Spot Bitcoin ETF Sees Massive Surge in Volume After Fee Reduction

Crypto Market Braces for $6B Bitcoin (BTC) & Ethereum (ETH) Options Expiry, What to Expect?

Dogecoin’s Price Fluctuations and Market Impact

Brad Garlinghouse Hints at Potential XRP ETFs Following Bitcoin Spot ETF Approval

Join our free newsletter for daily crypto updates!