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Giant Crypto Transfers: $143.8 Million in Ethereum on the Move As Bitcoin Whales Emerge

October 14, 2019

A trio of huge Ethereum transfers is making waves in the world of crypto.

In a span of just 10 minutes, a total of 785,997 ETH worth $143.8 million was moved out of a single Ethereum wallet to a wallet of unknown origin.

The crypto whale tracker Whale Alert speculates that the trades may be the crypto exchange Bitstamp moving funds around.

The funds appear to have originated from a Bitstamp cold wallet.

Bitcoin whales are also surfacing at the start of the week.

Blockchain data shows that 2,850 BTC worth $23.4 million has moved in just the last 24 hours. Two of the transfers involve crypto moving from exchanges to unknown wallets.

The third is a transfer of 1,200 BTC to the crypto exchange Bitfinex.

Right now, Bitcoin is down 1.09% at $8,364, according to CoinMarketCap. Ethereum is up 0.98% at $186.49.

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.