By Solomon Odunayo
According to Whale alert, the live tracker of large cryptocurrency transactions from and to exchanges, there were movements of the sum of 223,680 ETH worth $38,088,230 in separate transactions from wallets to another.
The first transaction was the sum of 100,000 ETH worth $17,268,542 from an unknown wallet to Gemini exchange. While the second transaction was the sum of 123,680 ETH worth $21,489,109 from an unknown wallet to another. According to the report, the interval between these transactions was 7 minutes.
Whale Alert Reports the Transfer of 100,000 ETH
According to the report, the transfer of the sum of 100,000 ETH worth $17,268,542 was effected on 21st April 2020, at 22:03:08 UTC, from an unknown wallet 0x0ea645d279d0a58be397afd4ffe43b29fc5cc686 to a wallet 0xd24400ae8bfebb18ca49be86258a3c749cf46853 belonging to Gimini exchange.
Whale Alert shared this, “100,000 ETH (17,268,542 USD) transferred from unknown wallet to Gemini.”
🚨 100,000 #ETH (17,268,542 USD) transferred from unknown wallet to #Gemini
— Whale Alert (@whale_alert) April 21, 2020
Whale Alert Reports the Transfer of 123,680 ETH
As per Whale Alert’s report, the transaction of the sum of 123,680 ETH worth $21,489,109 was effected on 21st April 2020, at 22:09:35 UTC, from an unknown wallet 0x51b259676e313ee4aa30fd52d4711154c2e1c5e7 to another wallet 0x41318419cfa25396b47a94896ffa2c77c6434040.
Whale Alert shared this, “123,680 ETH (21,489,109 USD) transferred from unknown wallet to unknown wallet.”
🚨 🚨 123,680 #ETH (21,489,109 USD) transferred from unknown wallet to unknown wallet
— Whale Alert (@whale_alert) April 21, 2020
The Huge Movements Not Reflecting On Ethereum (ETH) Price
So far, the price Ethereum (ETH), the second-largest cryptocurrency by market cap, is not dancing to the tune of the huge transactions. This implies that ETH price has been stable in the market.
All the top 10 digital currencies in the market are presently subjected to the same price condition. Their price trends are closely correlated. At the time of writing, ETH is trading at $172.47, with a 0.46% price decrease in the last 24 hours.