According to Whale Alert data, on ether ETH/USD Wal transferred about 100,000 ETH worth about $145.62 million from one anonymous wallet to another.
Whale Alert reports that the tokens were moved on September 16th, a day later ether passed to a proof-of-stake network.
🚨 100,000 #ETH ($145,624,605) transferred from unknown wallet to unknown wallethttps://t.co/cihRV6GZKO
— Whale Alert (@whale_alert) 09/16/2022
Recently, market research firm Santiment mentioned that the leading smart contract platform’s Network Value to Transaction (NVT) metric is at its best in 16 months.
đź“Š We are officially less than two days away from the big one #Ether Merge and on-chain metrics are looking positive for the #2 asset by market cap. According to our NVT model, the relationship between is clear $ETH and the network’s current market cap is at its best in 16 months. pic.twitter.com/dLC8fUdNYS
— Santiment (@santimentfeed) September 13, 2022
It was also mentioned that the top whale addresses had sent a significant amount of ETH to the exchange over the past three months.
Also read: Big Ethereum whales bet on Shiba Inu and buy 105.7 billion SHIB
Non-Exchange addresses are down 11%, while Exchange-based addresses are up 78%.
Earlier last week, Ethereum exchange balance hit 21.96 million, its highest level in five months.
Also, an anonymous cryptocurrency wallet with Ethereum worth $69,500,418 transfer his funds on Binance in the previous week. Unusually large cryptocurrency transfers from wallets to exchanges are typically a bearish signal.
At the time of writing, ETH is trading at $1430.91, down almost 19% over the past seven days.
