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Ethereum Whale Accumulates 7,447 ETH in 17 Hours, Boosting Holdings to $370 Million

Ethereum Whale Accumulates 7,447 ETH in 17 Hours, Boosting Holdings to $370 Million

CoinotagCoinotag2024/11/03 16:00
By:Sheila Belson

On November 7th, COINOTAG News highlighted significant activity from a major cryptocurrency whale. An on-chain analysis conducted by @ai_9684xtpa has revealed that this wallet, which began accumulating a substantial total of 20,222 ETH since late October, has further increased its holdings by an impressive 7,447 ETH within a mere 17-hour period. This recent addition is valued at approximately $19.72 million. Notably, this entity has demonstrated a pattern of withdrawing a total of 11,951 ETH from exchanges throughout November, executing these transactions at an average price of $2,581 per ETH. Presently, the total value of assets held in this wallet stands at a remarkable $370 million, underscoring the influential role such investors play in the market.

In Case You Missed It: Bitcoin Hits New All-Time High as Experts Speculate on Future Market Trends
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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