Ethereum Whale Moves 54,721 ETH Worth $161 Million in 32 Hours—Is a Major Market Shift Underway?
A massive transaction alerted crypto analysts to an Ethereum whale rapidly accumulating large amounts of Ethereum (ETH) Monday. Over the course of 32 hours, a single entity purchased and moved 54,721 ETH, a transaction totaling an estimated $161 million. This activity suggests preparation for a potential surge in Ethereum’s market activity.
Blockchain tracking firm Lookonchain reported the initial sighting of the Ethereum whale movements. According to their analysis, funds originated from major cryptocurrency exchange Binance and several decentralized exchanges (DEXes).
Lookonchain has proposed a connection between the Ethereum whale activity and Justin Sun, who founded Tron and serves as an advisor to the crypto exchange HTX. The firm highlighted large withdrawals from HTX coinciding with the whale’s transactions, noting Sun’s capability to facilitate such sizable purchases.
1/ In the past 32 hours, someone bought a total of 54,721 $ETH ($154.4M) from #Binance and #DEX.
Who is this guy? Could be #JustinSun?
Let’s dig deeper.
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