Crypto Whales Moves Over $ 500,000,000 Into Ethereum Within Hours Here’s Where ETH Is Heading

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A huge amount of Ethereum (ETH) worth half a billion dollars is on the move, as the crypto-whales relocate their ETH treasures.

This Friday, the Whale Alert blockchain tracker spotted a series of transactions in which large Ethereum holders moved 237,419 ETH, worth $ 557,777,068, in just over 10 hours.

In the largest transaction in the series, a whale sent its entire stash of 55,277 ETH worth $ 129.94 million from one unknown wallet address to another. The sending wallet had already received just over 50,000 ETH in its first transaction 26 days ago from a sender who also emptied their wallet.

The track of transactions, which dates back almost a year, indicates that the controlling entity appears to be emptying wallets and moving ETH’s treasury to new addresses.

In addition to the biggest ETH move of the day, five whales moved huge amounts of Ethereum between wallets of unknown origin. Two deep-pocketed investors shifted ETH from an unknown wallet to a crypto exchange, and a large crypto holder shifted ETH from an exchange to an unknown wallet.

Here is the summary of the most important ETH trades during the last day:

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