Pi Network - auto mobile mining: Join now and be one of the pioneers!!

Blog

One major player in the cryptocurrency industry has just moved 257,491 ETH — valued at almost $35M at the time of writing. The total fee for the Ethereum transaction was just $0.07.

One Ethereum whale in the market seems to be consolidating its funds in a major move that set off alarm bells. Whale Alert (@whale_alert) picked up on a $35M transfer earlier today, which entailed the movement of a whopping 257,491 ETH.

The total fee for the transaction was a paltry $0.07 (0.000462 ETH). The fact that tens of millions of dollars can be transacting on Ethereum for pennies speaks to the strength of its network.

Details of the Ethereum Transaction

The recipient address appears to be relatively new, only being active for just a few months. The first transaction to the address was a mere ‘test’ of 0.2 ETH received. In the past few days, the whale was also sending small chunks of 1,300 ETH or so to the address — until finally sending a larger ETH stash this morning.

The sending address has been completely cleaned out of any remaining ether it has, but still holds over $178,000 in ERC-20 tokens.

bitcoin whale cryptocurrency ico

bitcoin whale cryptocurrency ico

Reactions

The reactions to the transfer have largely been those of confusion and general ambivalence. (Just another day in the cryptocurrency market, it seems.)

Ethereum is currently trading at $143 at the time of writing, being down -4.5 percent on the daily. Although still boasting a healthy trading volume, Ethereum is in choppy territory.

Ethereum ERC20

Ethereum ERC20

The leading smart contract platform will also be undergoing a hard fork for its Istanbul update on Dec 4, the development team recently confirmed. Thus, we might expect further market turbulence as the hard fork date comes closer.


Images courtesy of Twitter, Shutterstock.


Did you know you can trade sign-up to trade Bitcoin and many leading altcoins with a multiplier of up to 100x on a safe and secure exchange with the lowest fees — with only an email address? Well, now you do! Click here to get started on StormGain!

No Comments

Be the first to start a conversation

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Categories

Pi Network - auto mobile mining

Become one of the pioneers!!

Random Posts

DOWNLOAD MY EBOOK FOR FREE

"Your Headline Here How I Made $4947 In 1 Month"

Lorem pretium lorem orci elit nunc imperdiet nec vel sit pretium hendrerit amet nec orci gravida gravida sapien purus massa

Quick Bio About Me

mypicmeLorem proin accumsan accumsan volutpat ut nullam odio eleifend libero quisque ipsum gravida eleifend dolor nunc sagittis venenatis orci eleifend lorem quisque venenatis non sagittis sagittis ipsum nunc.

lacus eleifend pretium eros sed consectetur venenatis praesent sapien consectetur dolor nullam laoreet orci mauris ornare congue lacinia auctor lorem quis quis lacus eleifend pretium eros sed consectetur venenatis praesent sapien consectetur dolor nullam laoreet orci mauris

Resources

  • Resource 1

    Lorem sed praesent quisque auctor libero eros lorem nec praesent accumsan ornare venenatis nullam.

  • Resource 2

    Lorem sed praesent quisque auctor libero eros lorem nec praesent accumsan ornare venenatis nullam.

Random Blog Posts

© 2020 Cryptoracle.info - Crypto News