Someone Just Sent $101M In Ethereum To An Anonymous Wallet By Benzinga

© Reuters. Someone Just Sent $101M In Ethereum To An Anonymous Wallet

What happened: $101,521,913 worth of (CRYPTO: ETH) was just moved between 2 anonymous cryptocurrency wallets in a single transaction.

This mysterious person’s Ethereum wallet address has been identified as: 0x44ba1e69985bceb509a44dda041dd4b57d70043f

$101 million worth of Ethereum was sent to an unknown recipient, with Ethereum wallet address: 0x47ccf33b7ecb1296c3f763a6f069a691a4df70d6

Why it matters: Cryptocurrency whales that own millions of dollars in Ethereum tend to move markets single-handedly. If the whale decides to exit this Ethereum position, there could be enough market impact to push down the price of ETH. It takes about $15 to $30 million of sell pressure to move the price of Ethereum down 2% on any given exchange.

You can view more details about the transaction here

According to Glassnode, there are 58,952 Ethereum wallets with over $100,000 in ETH.

Price Action: Ethereum is down 0% in the past 24 hours.

Public Blockchain data sourced from Whale Alerts Twitter.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

© 2022 Benzinga does not provide investment advice. All rights reserved.

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