Nearly 400K Ethereum Moved By Whales Amid ETH Price
Ethereum price tanked by more than 8% over the last day. This move has motivated the crypto whales to add more ETH to their holdings.
Ethereum, the world’s second largest crypto price dropped by more than 8% in the last 24 hours. However, this Ethereum price move has motivated the crypto whales to add more ETH to their holdings.
ETH price tanks; Crypto whales add
As per the Whale Alert data, Crypto whales have moved around 400K Ethereum from the crypto exchanges. More than $445 million worth of Ethereum was moved to multiple unknown wallets amid the price dump.
The data depicts that whales moved around 300k Ethereum (worth approx $333 million) from Upbit, a crypto exchange to different wallets. However, the biggest transaction recorded by the tracker has been of adding $129.1 million worth of ETH from the same exchange.
However, A whale accumulated 99.99K Ethereum from the Bitifinex crypto exchange. The transaction worthed around $112.4 million.
This whale accumulation has come amid the massive Ethereum Price drop. ETH price is down by 12% in the last 7 days. ETH is trading at an average price of $1,128, at the press time. However, its 24 hour trading volume is up by a whopping 103% to stand at $11.9 billion. ETH’s market cap stands at around $137 billion.
ETH liquidation breaches $40 million
According to the Coinglass data, around 66,704 traders have liquidated more than $180 million from the crypto market in the last 24 hours. However, traders have moved out approx $40 million from Ethereum. 85% of these liquidations came in the long position.
The global crypto market cap dropped below the crucial $800 billion level. It now stands at $795 billion. Bitcoin prices have dropped by 4% in the last 24 hours.
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