In a big step that gained the attention of the encryption community, 19,037 ETH (a value of more than $ 53 million at current prices) has recently left the main Coinpass Coinpase to the new ETHEREUM port.
According to Blockchain data tracker Pisces alert, “19,037 ETH worth $ 53,538,431 transferred from Coinbase to an unknown new portfolio.”
Keep in mind that withdrawals from stock exchanges may reveal the purchase while deposits indicate the sale, the whale or a large holder may accumulate eth. The receipt portfolio adds completely new speculation that the new encryption whale may enter the market.
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The appearance of a possible new whale is not an isolated accident. During the past few months, ETHEREUM has witnessed an increase in institutional interest, with hedge funds and large investors accumulating ETH.
Other scenarios may be possible. This step may be returning funds of money by Coinbase itself; The encryption whale from its origins can also move to cold storage to find more control and protection.
Ethereum work
The second largest currency fell as the cryptocurrency markets witnessed profits on Wednesday. At the time of writing, ETH fell by 1.44 % in the previous 24 hours to 2788 dollars, although higher than its lowest levels on Monday amounted to $ 2150.
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Ethereum fell up to 27 % to $ 2,135 on Monday, the worst decrease during the day since May 2021, which led to a liquidation of more than $ 600 million in permanent futures markets. The detection of stakes with the use of ETHEREUM ETH made one of the most difficult cryptocurrencies in selling the broader market, which has seen more than $ 2.2 billion of categorical assets that were classified in 24 hours.
With the uncertainty in the market, the encryption analyst Ali indicated that the level of the most important support for ETAREUM ranged between $ 2238 and $ 2,614, with 12.18 million portfolios of 63.07 million ETH.
