Crypto News

Notable Recent Ethereum Crypto Whale’s Movement To Monitor 

Whales in the crypto sphere have made significant moves with Ethereum ($ETH), as revealed by recent on-chain reports.

Celsius Network, in a notable development, released a pledge of 202,090 ETH, equivalent to $445 million, and initiated a transfer to the address 0xDb3…0998d. This address has now accumulated a total of 557,081 ETH, valued at a substantial $1.23 billion. 

The breakdown includes 354,991 ETH from the Celsius ETH pledge address and an additional 202,090 ETH from the Eth2 Depositor address. As of now, both pledge addresses have been emptied.

Further insights from Lookonchain indicate that the Celsius wallet deposited an additional 18,000 ETH ($40 million) to Coinbase just 12 hours ago.

Since November 13, Celsius has made cumulative deposits of $280.76 million in ETH ($621 million) to Coinbase, FalconX, and OKX. The current ETH holdings for Celsius stand at 540,029 ETH, amounting to $1.2 billion.

ETh Whale Liquidated 19,716 Tokens, Resulting In Massive Loss

In a separate development, an ETH whale with a 100% winning rate since November decided to liquidate 19,716.5 tokens, valued at $43.75 million. This move resulted in a cumulative loss of $3.17 million. 

Notably, all tokens acquired during the period from December 28, 2023, to January 2024, have been sold at an average price of $2218, with the average cost being $2380. This particular round of the whale’s trading activity concluded with losses.

These recent maneuvers by significant players in the Ethereum market highlight the dynamic nature of crypto transactions and their potential impact on token prices and market trends.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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