$64M In Ethereum Was Just Transferred Between 2 Wallets

in hive-101145 •  2 months ago  (edited)

What happened: $64,446,812 worth of Ethereum
ETH/USD+ Free Alerts
was just moved between 2 anonymous cryptocurrency wallets in a single transaction.

This mysterious person's Ethereum wallet address has been identified as: 0xcffad3200574698b78f32232aa9d63eabd290703

$64 million worth of Ethereum was sent to an unknown recipient, with Ethereum wallet address: 0x72a53cdbbcc1b9efa39c834a540550e23463aacb

Think Bitcoin Is Going Away?: You'd be in the vast minority. Blockchain is here to stay, and bear markets provide huge opportunities to make outsized returns. Learn how CEOs and VCs are navigating the markets at the Future of Crypto by Benzinga conference on Dec. 7, 2022 in NYC.

Why it matters: Cryptocurrency whales that own millions of dollars in Ethereum tend to move markets single-handedly. If the whale decides to exit this Ethereum position, there could be enough market impact to push down the price of ETH. It takes about $15 to $30 million of sell pressure to move the price of Ethereum down 2% on any given exchange.

Source https://www.benzinga.com/markets/cryptocurrency/22/09/28970121/64m-in-ethereum-was-just-transferred-between-2-wallets

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