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



U.Today – According to data published by @OnchainDataNerd analytics account, an ancient Ethereum wallet has made another massive crypto transaction, moving millions in ETH to the largest exchange in the U.S. – Coinbase (NASDAQ:COIN).

Along with other large ETH transactions to 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 – that is whopping 27,027.27% growth. The ETH they sent to Coinbase is now worth more than $12 million in fiat.

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.

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. The first transaction, however, went to Coinbase Institutional. These Ethereum lumps were evaluated at $86,959,077; $32,273,912 and $32,683,631.

Satoshi-era Bitcoin wallets awakening

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%.

This article was originally published on U.Today


Post Disclaimer

The information provided in our posts or blogs are for educational and informative purposes only. We do not guarantee the accuracy, completeness or suitability of the information. We do not provide financial or investment advice. Readers should always seek professional advice before making any financial or investment decisions based on the information provided in our content. We will not be held responsible for any losses, damages or consequences that may arise from relying on the information provided in our content.


Please enter your comment!
Please enter your name here