Ethereum

Million

Spot

<ul class="news-points">
 <li><strong>Ethereum whales shift 25,865 ETH worth $89M to exchanges, fueling market speculation.</strong></li>
 <li><strong>Whale 0xbec transfers 11,965 ETH to Binance, securing a 14.7% profit on investments.</strong></li>
 <li><strong>Despite volatility, ETH targets new highs, potentially reaching $4500 amid ETF optimism.</strong></li>
</ul>
<p>As the launch of Ethereum’s first Exchange-Traded Fund (ETF) nears, the crypto market is buzzing with activity. Two significant Ethereum whales have strategically moved 25,865 ETH, valued at $89 million, to centralized exchanges, according to a recent X post by Spot On Chain.</p>
<p>The motive behind these massive transfers remains unclear, leaving the crypto community on edge as the launch date approaches.</p>
<h2 class="wp-block-heading" id="h-whale-s-movements">Whale’s Movements</h2>
<p>As reported by Spot On Chain, one whale identified as 0xbec transferred 11,965 ETH to Binance over the past five days. This massive movement, valued at approximately $41.4 million, occurred at an average price of $3,457 per ETH.</p>
<p>Whale 0xbec currently holds a substantial 51,462 ETH, roughly $180 million in today’s market, and has secured an estimated profit of $29.9 million, a 14.7% gain on their investments.</p>
<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">
   <p lang="en" dir="ltr">In the 9 days ahead of tomorrow's <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Ethereum</a> ETF launch, two giant whal…</p>
  </blockquote>
 </div>
</figure>
<p>The post <a href="https://coinedition.com/ethereum-whales-move-89-million-in-eth-as-etf-launch-nears/" rel="noopener noreferrer nofollow">Ethereum Whales Move $89 Million in ETH as ETF Launch Nears</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Ethereum Whales Move $89 Million in ETH as ETF Launch Nears

Table of Contents

Coin Edition

Other articles published on Jul 22, 2024

Beam’s Slow-Mo Crypto Dance vs. MoonBag’s High-Speed Profit Party: Don’t Get Left Behind!

ZEXY Meme Coin: Bridging Crypto and Health Awareness

Philippines Central Bank Warns of AI-Driven Crypto Scams — Governor Denies Endorsing Cryptocurren...

Bitcoin Dominates, Ethereum Rebounds: Here's How Much Crypto Funds Raked In Last Week

Is 'Dogecoin Killer' Shiba Inu On A Bearish Path? Whale Transactions, Burn Rate Suggest Otherwise

MOONHOP Hits Nearly $1M in Presale, What’s Happening with XRP Pricing and BlockDAG Presale?

Join our free newsletter for daily crypto updates!