Benzinga - An Ethereum (CRYPTO: ETH) whale holding 720,000 ETH, worth $817 million, has awakened after two years of dormancy.
What Happened: According to on-chain analytics firm Lookonchain, the whale had 9 wallets before, each holding 80,000 ETH, and now has 8 wallets, each holding 90,000 ETH.
A whale with 720K $ETH ($817M) switched his ETH wallet just now.This comes as whales moved around 400,000 ETH on Monday from exchanges, as per Whale Alert. Over $445 million worth of ETH was moved to unknown wallets as the overall crypto market slumped.This whale has been dormant for 2 years.
He had 9 wallets before, each holding 80K $ETH, and now he has 8 wallets, each holding 90K $ETH. pic.twitter.com/iVCCgV2qjQ
— Lookonchain (@lookonchain) November 21, 2022
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Data from Coinglass reveals that $29.68 million worth of ETH has been liquidated in the past 24 hours.
Pseudonymous crypto analyst Capo has predicted an incoming bear rally and said ETH can fall between $600 and $650.
On Monday, Etherscan data showed that FTX (CRYPTO: FTT) hacker moved over 180,000 Ethereum to 12 new wallets, evenly distributing 15,000 ETH to each wallet.
Price Action: At the time of writing, ETH was trading at $1100, down 1.81% in the last 24-hours. BTC at $15,860 down 0.78%, according to Benzinga Pro.
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