Crypto exchange Whales and Binance have moved more than $2.26 billion in Ether, while ETH has nearly $3,400 and ETH mining balances soar
Contents
- Over $2.26 billion in ETH on the go
- ETH miner balances continue to rise
According to the data you provided whale alert Blockchain tracker site Anonymous Crypto Whales and Binance have shoveled an astonishing $2.26 billion worth of Ethereum over the past day.
Meanwhile, Ether has reached its highest price in the past two weeks, and Ethereum miner balances continue to rise for the largest amount of Ethereum since 2016.
Over $2.26 billion in ETH on the go
Whale Alert has spotted about ten large Ethereum transfers, carrying over $2.2 billion from the second most popular cryptocurrency – Ethereum.
The largest single transfer carried 227,371 ETH (equivalent to $784,858,373 in fiat). Smaller transactions transferred 101,000, 60,000, 30,000 and 10,000 Ethers each.
The funds were handled by the owners of the anonymous Ethereum wallets, the crypto exchange Binance. Some of these Ethereum blocks have been moved to Arbitrum – a potential competitor to Ethereum 2.0 and Cardano, where it offers smart contracts.
The total amount of Ethereum transferred by Whales and Binance is over 675,226 ETH.
ETH miner balances continue to rise
According to on-chain data vendor Santiment, since Ethereum has reached the $3,480 level and is trading in the near range now, the balances of Ethereum miners continue to rise.
Currently, 532,750 ETH is the largest amount of Ether miners have hoarded in more than five years — since July 2016, Santiment analysts say.
They also called the ETH balance held by miners a new all-time high as it equals $1,794,321 in fiat.
# Ethereum It reached $3480, the highest price of the coin in 16 days. Notably, miners’ balances continued to rise. 532.75 kg ETH dollar It is the largest balance held by miners since July 13, 2016. The value of these coins is $1.85 billion, easily # All time. https://t.co/zf2g4ypqiJ pic.twitter.com/atPnYLhAgc
– Santimentfeed October 5, 2021
At the time of writing, Ethereum is trading at $3,361, according to data provided by CoinMarketCap. The Ethereum Fear & Greed indicator stands at 64 (Greed).
