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Someone Just Sent $72M In Ethereum To An Anonymous Wallet

Cryptocurrency Sep 20, 2022 17:42
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© Reuters. Someone Just Sent $72M In Ethereum To An Anonymous Wallet
 
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What happened: $72,234,820 worth of Ethereum (CRYPTO: ETH) was just moved between 2 anonymous cryptocurrency wallets in a single transaction.

This mysterious person's Ethereum wallet address has been identified as: 0x373fc778091414eac7de63a996b1daf34d6e1aa1

$72 million worth of Ethereum was sent to an unknown recipient, with Ethereum wallet address: 0xca9f1f44b25fec3c573bfc5a69583021592ee126

Why it matters: Cryptocurrency whales that own millions of dollars in Ethereum tend to move markets single-handedly. If the whale decides to exit this Ethereum position, there could be enough market impact to push down the price of ETH. It takes about $15 to $30 million of sell pressure to move the price of Ethereum down 2% on any given exchange.

You can view more details about the transaction here

According to Glassnode, there are 62,337 Ethereum wallets with over $100,000 in ETH.

See Also: Best Crypto Apps 2021 and Best Crypto Portfolio Trackers

Price Action: Ethereum is up 1% in the past 24 hours.

See Also: How To Buy Ethereum

Public Blockchain data sourced from Whale Alerts Twitter (NYSE:TWTR).

This article was generated by Benzinga's automated content engine and reviewed by an editor.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Someone Just Sent $72M In Ethereum To An Anonymous Wallet
 

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