U.Today – According to data published by analytics account @OnchainDataNerd, an old wallet made another massive crypto transaction, moving millions in ETH to the largest exchange in the US: Coinbase (NASDAQ:).
Along with other large ETH transactions on the same and other large exchanges, this may be indicative of an approaching sell-off.
Old whale sends ETH to Coinbase along with other whales
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, which is a huge growth of 27,027.27%. The ETH they sent to Coinbase is now worth over $12 million in fiat money.
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 valued at $1.79 million. This whale still has 1,329 ETH worth almost $4 million in his cryptocurrency wallet.
More whales sending ETH to exchanges now
Three different unknown whales shoveled 30,020 ETH; 11,192 ETH and 11,207 ETH to this centralized crypto exchange. However, the first transaction was for Coinbase Institutional. These Ethereum chunks were valued at $86,959,077; $32,273,912 and $32,683,631.
The awakening of Satoshi-era handbags
Each of these wallets contained 500 Bitcoins valued at $30,514,975 and $30,494,084. The potential profit of whales has increased by a staggering 49,274%.
This article was originally published on U.Today.
