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1 December 2022
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Ethereum Whale Worth 720,000 ETH Wakes up to Make These Manipulations: Details

An unknown Ethereum whale holding 720,000 ETH, equivalent to $817 million, has “woken up” after being dormant for two years, according to a report from on-chain analytics portal Lookonchain. The investor awakening took place with the movement of this entire mass of coins, a number that exceeds even the position of Ethereum’s founder, Vitalik Buterin, according to him. However, the movement of ETH tokens this time did not threaten the cryptocurrency’s exchange rate, as it was entirely within the wallets of the whale itself. As a result of the manipulation, the number of wallets holding 720,000 ETH fell from nine to eight. As the joke goes, “it seems someone has been crossed off the inheritance list.”

ETH to USD by CoinMarketCap The Ethereum price itself, having failed to hold an important support level of $1,230, continues its decline. The current price of $1,127 per ETH last appeared only on the FTX drop and last July. The next test for quotations will be in the $900-$1,000 area.

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