$56M In Ethereum Was Just Transferred Between 2 Wallets

What happened: $56,438,975 worth of Ethereum (CRYPTO: ETH) was moved between two anonymous cryptocurrency wallets in a single transaction.

The Ethereum wallet address of this mysterious person has been identified as: 0xe3786bf25e15013fdda09dbe881529d44b9ca239

$56 million of Ethereum was sent to an unknown recipient, with the address of the Ethereum wallet: 0x24179cd81c9e782a4096035f7ec97fb8b783e007

why does it matter: Crypto whales holding millions of dollars in Ethereum tend to move the markets on their own. If the whale decides to exit this Ethereum position, there may be enough market impact to drive the price of ETH down. It takes roughly $15-30 million of selling pressure to move the price of Ethereum down 2% on any given exchange.

You can see more details about the deal Here.

According to Glassnode, there are 143,375.00 Ethereum wallets with more than $100,000 in ETH.

See also: Best Crypto Apps of 2021 and Best Crypto Wallet Tracker

price movement: The price of Ethereum is up 3% in the past 24 hours.

See also: How to buy Ethereum

Public Blockchain Data Source From Whale Alerts on Twitter.

This article was created by the Benzinga Automated Content Engine and reviewed by an editor.

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