While the leading cryptocurrency Bitcoin (BTC) continues its horizontal course, the largest altcoin Ethereum exceeded $ 3,100 over the weekend. Although there was no catalyst that directly triggered this rise, ETH reached up to $3,135.
While ETH provides more profits compared to BTC, Ethereum is also on the whales' radar. At this point, Lookonchain stated that whales have been collecting ETH recently.
Accordingly, the whale named 0x8B94 withdrew and staked 14,632 ETH (worth $45.5 million) from Binance in the last 6 days.
Apart from this, 2 fresh whale wallets withdrew 6 thousand ETH (worth $18.7 million) from Kraken in the last 2 days.
Yet another whale bought 2,000 ETH ($6.2 million worth) from Kraken today, accumulating 26,380 ETH ($81.77 million) at $2,255 since May 24, 2023. This whale's unrealized profit is worth $22.3 million at current prices.
“Whales are accumulating ETH!
0x8B94 has withdrawn and staked 14,632 ETH ($45.5 million worth) from Binance in the last 6 days.
2 fresh whale wallets withdrew 6 thousand ETH (worth $18.7 million) from Kraken in the last 2 days.
The whale named 0x78d0 bought 2,000 ETH (worth $6.2 million) from Kraken about 10 minutes ago and has accumulated 26,380 ETH ($81.77 million) at $2,255 since May 24, 2023.
“This whale's unrealized profit is worth $22.3 million at current prices.”
Ethereum continues to trade at $3,093 at the time of writing.
The whale accumulated 2,000 $ETH($6.2M) from #Kraken again 10 mins ago and has accumulated 26,380 $ETH($81.77M) at $2,255 since May 24, 2023.
The unrealized profit is $22.3M at the current price.https://t.co/3ToWyQSPvW pic.twitter.com/yIX6lfq7pE
— Lookonchain (@lookonchain) February 26, 2024
*This is not investment advice.
