Ethereum

Satoshi

Satoshi Nakamoto

Millions

Bitcoin

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<p lang="en-GB" xml:lang="en-GB">According to data published by @OnchainDataNerd analytics account, an ancient <a href="https://u.today/ethereum-whale-buys-166-million-worth-of-eth-in-just-three-days" rel="noopener noreferrer nofollow">Ethereum wallet</a> has made another massive crypto transaction, moving millions in ETH to the largest exchange in the U.S. – Coinbase.</p>
<p lang="en-GB" xml:lang="en-GB">Along with other large ETH transactions to the same and other large exchanges, this may be indicative of an approaching sell-off.</p>
<h2 id="old-whale-sends-eth-to-coinbase-along-with-other-whales">Old whale sends ETH to Coinbase along with other whales</h2>
<p lang="en-GB" xml:lang="en-GB">The aforementioned tweet stated that a cryptocurrency whale that set up his wallet eight years ago (in 2016) has made another large transaction to U.S.-based <a href="https://u.today/billions-of-shiba-inu-shib-by-coinbase-in-24-hours-whats-happening" rel="noopener noreferrer nofollow">crypto exchange Coinbase</a>, the only publicly traded exchange in the country so far.</p>
<p lang="en-GB" xml:lang="en-GB">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 – that is whopping 27,027.27% growth. The ETH they sent to Coinbase is now worth more than $12 million in fiat.</p>
<blockquote>
 <p lang="en" dir="ltr">8-year old whale made a move again.3 hours ago, the whale 0x2cE deposited 4,153 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> (~$12.17M) to <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Coinbase</a>.8 years ago, he accumulated 12,427 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> from <a href="https://twitter.com/hashtag/Poloniex?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Poloniex</a> at avg entry $11.His wallet:<a href="https://t.co/rgBtQ6R1RU" rel="noopener noreferrer nofollow">https://t.co/rgBtQ6R1RU</a><a href="https://t.co/kx6zfjxZ59" rel="noopener noreferrer nofollow">https://t.co/kx6zfjxZ59</a> <a href="https://t.co/WMUGfI20fd" rel="noopener noreferrer nofollow">pic.twitter.com/WMUGfI20fd</a></p>— The Data Nerd (@OnchainDataNerd) <a href="https://twitter.com/OnchainDataNerd/status/1789844818862145838?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 13, 2024</a>
</blockquote>
<p lang="en-GB" xml:lang="en-GB">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 evaluated at $1.79 million. This whale still has 1,329 ETH worth almost $4 million in their cryptocurrency wallet.</p>
<h2 id="more-whales-sending-eth-to-exchanges-now">More whales sending ETH to exchanges now</h2>
<p lang="en-GB" xml:lang="en-GB">Popular cryptocurrency tracker Whale Alert has spotted a couple of tremendous ETH transactions made to Coinbase. Three anonymous transactions carrying hefty Ethereum amounts to Coinbase have been spotted over the last 24 hours.</p>
<blockquote>
 <p lang="en" dir="ltr">🚨 🚨 🚨 🚨 30,020 <a href="https://twitter.com/hashtag/ETH?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ETH</a> (86,959,077 USD) transferred from unknown wallet to Coinbase Institutional<a href="https://t.co/cJulHpXQot" rel="noopener noreferrer nofollow">https://t.co/cJulHpXQot</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1789908624451526844?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 13, 2024</a>
</blockquote>
<p lang="en-GB" xml:lang="en-GB">Three different unknown whales shoveled 30,020 ETH; 11,192 ETH and 11,207 ETH to this centralized crypto exchange. The first transaction, however, went to Coinbase Institutional. These Ethereum lumps were evaluated at $86,959,077; $32,273,912 and $32,683,631.</p>
<h2 id="satoshi-era-bitcoin-wallets-awakening">Satoshi-era Bitcoin wallets awakening</h2>
<p lang="en-GB" xml:lang="en-GB">The above-mentioned source, Whale Alert, also noticed <a href="https://u.today/ancient-bitcoin-whales-suddenly-awake-after-107-years-with-492742-profit" rel="noopener noreferrer nofollow">two old Bitcoin wallets</a> coming back to life after a staggering period of dormancy. Both were last active almost eleven years ago, in 2013 – that is two years after mysterious Bitcoin creator Satoshi Nakamoto chose to disappear from the public space. Before he disappeared, he left BTC in the hands of enthusiastic developers.</p>
<p lang="en-GB" xml:lang="en-GB">Each of these wallets contained 500 Bitcoins evaluated at $30,514,975 and $30,494,084. The whales’ potential profit has increased by an astounding 49,274%.</p>

Ancient Whale Sends Millions in ETH to Coinbase – Sell-off Coming?

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