Ethereum Whales Moved $357 Million in Minutes

Ethereum (ETH) Cryptocurrency News

On March 12, three whales moved a total of 244,148 ETH (~$357 million at the time of transactions) with an interval of several minutes.

According to analytics service Whale Alert, the first user sent 120,874 ETH worth over $177 million to an unknown address.

The second whale moved 96,638 ETH (over $141 million) also to an unidentified address.

A third unknown investor sent 26,636 ETH (~$39 million) to the Coinbase cryptocurrency exchange.

Also, Whale Alert recorded several large transactions with altcoins:

Recall that as of the end of October 2022, the share of whales in the total supply of Ethereum reached 39%, and bitcoin – 11%.

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