An old Ethereum wallet performed a huge cryptocurrency transaction again, sending millions of Ethereum to Coinbase, the biggest exchange in the United States, according to data released by the @OnchainDataNerd analytics account.
This might be a sign of an impending sell-off together with other big ETH transfers to the same and other sizable exchanges.
Old whale sends ETH to Coinbase along with other whales
According to the aforementioned tweet, a cryptocurrency whale who created his wallet in 2016—eight years ago—made a significant transaction to Coinbase, the sole publicly listed cryptocurrency exchange in the United States.
On Poloniex, this whale purchased 12,427 ETH at an average price of $11. They are currently offering 4,153 ETH for $2,984 a coin, a huge 27,027.27% increase. More than $12 million in currency is now the value of the ETH they paid to Coinbase.
https://x.com/OnchainDataNerd/status/1789844818862145838
A few hours ago, 614 ETH was shifted to Kraken by another elderly whale. Five years ago, they paid $195 on average for it. The worth of the Ethereum they sent to the exchange is $1.79 million. This whale still has 1,329 ETH in their cryptocurrency wallet, which is valued at over $4 million.
More whales sending ETH to exchanges now
A few amazing Ethereum transactions have been detected by well-known cryptocurrency tracker Whale Alert and sent to Coinbase. Over the past 24 hours, three anonymous transactions involving large sums of Ethereum were seen being sent to Coinbase.
Thirty,020 ETH, 11,192 ETH, and 11,207 ETH were shovelled to this centralised cryptocurrency exchange by three distinct anonymous whales. Coinbase Institutional was the recipient of the initial transaction, though. The evaluations of these Ethereum lumps came to $86,959,077, $32,273,912, and $32,683,631.
https://x.com/whale_alert/status/1789908624451526844
Satoshi-era Bitcoin wallets awakening
Whale Alert, the aforementioned source, also reported that two ancient Bitcoin wallets were reviving after an astonishingly long time of inactivity. Both ceased to exist almost eleven years ago in 2013, which was two years after the enigmatic founder of Bitcoin, Satoshi Nakamoto, decided to vanish from the public eye. He left Bitcoin in the capable hands of passionate engineers before vanishing.
There were 500 Bitcoins in each of these wallets, valued at $30,514,975 and $30,494,084. The potential profit for the whales has climbed by a staggering 49,274%.
