Whales on the Move: 8,510 ETH Transferred as Ethereum Rises

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In the last 12 hours, two major Ethereum whales went on a crazy selling spree. Despite the Ethereum price on the rise, with a 3% jump to $2675, an early ICO participant and a wallet linked to Genesis Trading’s bankruptcy are exiting the bull run. The whales, in total, have moved 8,510 ETH worth $21.9M to centralized exchanges. Ethereum whale “0xb8c” sent 3,510 ETH worth $9.04M to Kraken. Currently, the whale continues to hold nearly 136K ETH worth $358M across eight different wallets. Another wallet, “0x999” (with ties to Genesis Trading’s bankruptcy), has transferred 5,000 ETH worth $12.9M to FalconX. The wallet retains 162K ETH worth $423M.