{"id":110065,"date":"2021-01-25T14:47:14","date_gmt":"2021-01-25T14:47:14","guid":{"rendered":"https:\/\/precoinnews.com\/?p=110065"},"modified":"2021-01-25T14:47:14","modified_gmt":"2021-01-25T14:47:14","slug":"ethereum-whales-transfer-100000-eth-in-24-hours","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/ethereum-whales-transfer-100000-eth-in-24-hours\/","title":{"rendered":"Ethereum Whales Transfer 100,000 ETH in 24 Hours"},"content":{"rendered":"<p>Ethereum, the world\u2019s second-largest cryptocurrency,\u00a0reached an all-time high of $1,470 today after a massive rally. ETH whales are transferring a significant amount to digital exchanges and unknown wallets. A total of 5 ETH transactions involving nearly 100,000 Ethereum were highlighted in the last 24 hours.<\/p>\n<p>According to the data published by Whale Alert, a blockchain tracker and analytics company, unknown Ethereum whales transferred more than 46,000 ETH in two separate transactions from crypto exchange Binance to unknown wallets.<\/p>\n<p>The tracker showed that 9,000 Ethereum were transferred from Crypto.com to an unidentified wallet. Another transfer involving 25,450 ETH was recorded when an unidentified user transferred the cryptocurrency worth nearly $35 million to another unknown crypto wallet. The movement of 19,000 ETH was also reported to an unidentified wallet.<\/p>\n<p>The total value of the mentioned transactions stands at around $140 million. Over the weekend, a significant transaction was recorded when 57,625 Ethereum were transferred from Bitfinex to an unknown wallet. The price of Ethereum jumped nearly 100% since the start of 2021. The recent transfers from major crypto exchanges indicate that ETH whales are planning to accumulate the cryptocurrency to create a potential supply shortage of the world\u2019s second-largest crypto asset.<\/p>\n<h2>Ethereum\u2019s Outflow<\/h2>\n<p>The outflow of Ethereum from major digital exchanges has been evident for the last few days as a massive amount of ETH has already left cryptocurrency exchanges. According to a crypto analytic company, Glassnode, ETH accumulation is on the rise as the Ethereum balance on prominent exchanges fell 4.5% since last week. Apart from Ethereum, other crypto-assets like TRX and LINK were involved in prominent transactions. One of the key reasons behind the recent moves is a significant rise in the price of Altcoins. Furthermore, Ethereum, Polkadot, Cardano, Stellar, Litecoin, Chainlink and Bitcoin Cash, all are up in double-digits since last week, compared to a 10% drop in BTC price. Crypto whales are accumulating digital assets to diminish supply.<\/p>\n<p>Source: <a href=\"https:\/\/www.financemagnates.com\/cryptocurrency\/news\/ethereum-whales-transfer-100000-eth-in-24-hours\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum, the world\u2019s second-largest cryptocurrency,\u00a0reached an all-time<\/p>\n","protected":false},"author":3,"featured_media":110064,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ethereum Whales Transfer 100,000 ETH in 24 Hours - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/ethereum-whales-transfer-100000-eth-in-24-hours\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum Whales Transfer 100,000 ETH in 24 Hours - 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