$168.28M In Ethereum Was Just Transferred Between 2 Wallets | Benzinga

What happened: $168,284,813 worth of Ethereum (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:


$168 million worth of Ethereum was sent to an unknown recipient, with Ethereum wallet address: 0x49462ec1523fe85afb85dbc091b1004e7064d384

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 26,874,323 Ethereum wallets with a balance of over 100,000 coins.

See Also: Best Crypto Apps 2021 and Best Crypto Portfolio Trackers

Price Action: Ethereum is up 4.27% in the past 24 hours.

See Also: How To Buy Ethereum

Public Blockchain data sourced from Whale Alerts Twitter.

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