The on-chain analysis platform, Lookonchain, has recently shared some intriguing insights on a prominent Ethereum (ETH) whale via Twitter. Per their post, the whale, identified as “0x8033,” transferred a staggering 75,331 ETH tokens, valued at approximately $144 million, to a Bitfinex hot wallet just a couple of times hours ago. This information is crucial for investors and traders alike, as it sheds light on the movements of significant players in the market. Lookonchain’s diligent tracking and analysis of such transactions provide valuable insights for the crypto community.
According to Lookonchain, the aforementioned whale had previously received a substantial amount of 76,212 ETH from Bitfinex on January 5, 2019, when the altcoin was valued at a mere $156. It is worth noting that on December 6, 2020, the same whale deposited 900 ETH into Tornado Cash.
The discerning observation that the whale has initiated the transfer of a substantial amount of ETH to exchange may suggest that the whale is preparing to engage in trading activities shortly. However, according to the latest data from CoinMarketCap, ETH continues to demonstrate impressive performance and remains one of the top 10 cryptocurrencies by market capitalization.
The market value of ETH stands at $1,910.80, reflecting a notable surge of 4.99% within the past 24 hours. During this period, the altcoin demonstrated its potential by reaching a high of $1,921.27 and a low of $1,820.71. Furthermore, ETH exhibited a commendable performance against BTC, with a growth rate of over 3%.
Upon analyzing ETH’s weekly performance, it is evident that the recent surge in positive gains has significantly impacted the altcoin’s overall standing. With an impressive increase of just under 5% over the last week, ETH’s trajectory is certainly upward. Furthermore, the 24-hour trading volume is currently in the green zone, at a remarkable $11,580,680,682 after a staggering 23% increase since yesterday. These figures are a testament to the strength and resilience of ETH in the current market.
Disclaimer: The insights, perspectives, and data presented in this price analysis are published in good faith. Readers must conduct their own research due diligence. Any decision made by the reader is solely their responsibility, and Crypto Outlooks shall not be held responsible for any consequential or incidental harm or loss.
