A ether ETH/USD Wallet moved 64,000 ETH worth $102 million in a single transaction earlier this week.
What happened: The high-value transaction was picked up by the blockchain wallet tracker Whale Alert On Wednesday.
64,000 #ETH ($102,134,766) transferred from unknown wallet to unknown wallethttps://t.co/w3C58bfCsC
— Whale Alert (@whale_alert) August 31, 2022
Data from ether scan indicates that the transaction came from a wallet belonging to Binance USAthe US-based subsidiary of the world’s largest cryptocurrency exchange.
The transfer was likely made to an external wallet of the exchange, which has yet to be flagged by blockchain explorers. According to blockchain data, the transaction fees paid for the high-quality transfer were just $0.63 at the time.
Regular transfer? It’s also unlikely that the transfer would cause concern for market participants as it came from an exchange’s internal wallet, suggesting it was a routine transfer. However, in recent weeks, most ETH traders have borne the brunt of the crypto liquidations as the asset’s price has faced high volatility.
anticipation all around upcoming merge event has led to a sharp surge in open interest in the ETH futures markets, suggesting that the second largest cryptocurrency by market cap may be in for more volatility.
See also: HOW TO STAKE ETHEREUM
Price promotion: At press time, ETH is trading at $1,578, up 2.47% over the past 24 hours, according to data from Gasoline Pro.
