News - Whales send 72,000 ETH to exchanges

By Luc Vesters

Whales send 72,000 ETH to exchanges

Ethereum (ETH)
Wallets and Whales

Two Ethereum whales have become active in the past 24 hours. They have sent a total of US$112 million to centralized exchanges. This reports the portal Whale Alert. This movement may indicate a sell-off. However, it could also simply be a restructuring of finances.

One whale sent 50,000 Ethereum (about US$78 million) to Kraken. Another whale sent about 22,000 Ethereum (nearly US$35 million) to Coinbase. whales are entities that own very large amounts of coins (about 1,000 for Bitcoin). Their power allows them to greatly influence markets.

Ethereum is currently facing a lot of controversy over the increasing centralization of the network, especially by the Lido provider. The price of Ethereum at the time of writing is about US$1,500.

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