News - Ethereum whale moves $90 million worth of Ethereum

By Mike Hesp

Ethereum whale moves $90 million worth of Ethereum

Ethereum (ETH)
Wallets and Whales

A Ethereum whale recently moved $90 million worth of Ether. He bought the coins in 2017 for $240 each and is now likely selling them for a total of $90 million.

A whale has resurfaced after five years, this time in the Ethereum ecosystem. He is reportedly sending $90 million worth of Ether to Kraken, presumably for sale. This is reported by Lookonchain on Twitter.

The ETH was purchased in 2017 at a price of $240 each, totaling $11 million dollars. Currently, Ethereum is listed at about $2,200 each.

It is important to note that whales are entities that hold significant amounts of tokens or coins, for example 1,000 Bitcoin. Ethereum whales have reduced their holdings since 2020, although Ethereum has so far not performed as strongly as many other altcoins as well as Bitcoin. Lately, however, whales have been buying significant quantities again at.

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