United States investment bank Goldman Sachs Plans to Offer Ethereum (ETH) Derivative Products
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According to Whale Alert, the tracker of large transactions of digital currencies from and to exchanges, a huge sum of Ethereum (ETH) has been on the move over the past few hours.

Whale Alert reported that the sum of 406,587 ETH worth $92,306,773 was transferred some hours ago in batches, from unknown wallets to another.

However, these huge movements seem to have no impact on the price of ETH in the market, as the digital token maintains its stability within a range of prices over the past 2 days.

Ethereum Whales Moved 406,587 ETH worth $92,306,773

According to Whale Alert, the first transaction was the sum of 134,932 ETH worth $30,540,544 at the time of the transaction. The huge transfer was reportedly effected on 30th June 2020, at 01:22:55 UTC, from an unknown wallet 0x99978adbf37e8abb28559da67284a640f036c63c to 0x7c64452e02bca74e99e9f0f22dea98d41e55009b.

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Whale Alert shared this, “134,932 ETH (30,540,544 USD) transferred from unknown wallet to unknown wallet.”

Going by Whale Alert’s account, the second transaction was the sum of 271,655 ETH worth $61,766,229, and the transfer was also initiated on 30th June 2020, at 04:34:56 UTC, from an unknown wallet 0xab6d4480014bb6968671e9da152e512ff8c51e8f to 0x92c7bf3e1546c3b1ad83f87439ae7f827aaab1a8.

“271,655 ETH (61,766,229 USD) transferred from unknown wallet to unknown wallet,” Whale Alert reported.

Number of Addresses Interacting With ETH Hits 2-Year Single Day High

Santiment, a channel for advanced crypto charts and market insights, reported some hours ago that the number of Ethereum addresses that are interacting daily with ETH recently spiked to record a single-day high of 486,000 addresses.

According to the report, the last time the Ethereum’s address activity attained such a level was on 5th May 2018.

Santiment tweeted, “The number of daily addresses interacting with ETH has spiked in the past 24 hours to a 2-YEAR SINGLE DAY HIGH of 486,000 addresses! The last time Ethereum’s address activity was this high was on May 5th, 2018.”

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Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.