Sunday, April 11, 2021

Crypto Whale Moved 917,060 EOS worth $2,511,073 to an Unknown Wallet

According to Whale Alert, the live tracker of large cryptocurrency transactions from and to exchanges, the sum of 917,060 EOS worth $2,511,073 has been moved from an unknown wallet to another.

In the cryptocurrency ecosystem, whales hold a very important role in determining the price of any digital asset in the crypto market.

On more than one occasion, huge transactions effected by whales, especially the so-called Bitcoin whales, have greatly affected Bitcoin (BTC), the first and largest cryptocurrency, by changing its trend positively or negatively.

So, anytime a huge transaction of Bitcoin, EOS, or any other digital currency is hinted, virtually all crypto enthusiasts observe to see its impact on the price of the particular cryptocurrency in the market.

Crypto Whale Moved 917,060 EOS worth $2,511,073

This was reported via the official website of Whale Alert and shared on its Twitter feed a couple of minutes ago.

Going by the report, the huge EOS transfer was effected on 18th April 2020, at 23:45:19 UTC, from dzqywwzsntt1 to huobidevice3.

Crypto Whale Moved 917,060 EOS worth $2,511,073 to an Unknown Wallet
Courtesy of Whale Alert

Whale Alert shared this, “917,060 EOS (2,511,073 USD) transferred from unknown wallet to unknown wallet.”

The Huge Transfer May Not Impact the Price of EOS

As expected, the huge EOS transfer shouldn’t significantly affect the price trend of the cryptocurrency, due to the nature of the transaction. The transaction was from an unknown wallet to another unknown wallet. It could have been another story if it was from an unknown wallet to crypto exchanges.

At the moment, virtually all the digital currencies in the market, including EOS, are experiencing an increase in value, and this is absolutely good for both crypto traders and investors.

EOS presently occupies 9th position ahead of Tezos (XTZ) that occupies 10th position. At the time of filing this report, EOS is trading at $2.69, with about a 2% price increase based on 24 hours estimation.

Solomon Odunayo
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

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