$163M In Ethereum Was Just Transferred Between 2 Wallets

$163M In Ethereum Was Just Transferred Between 2 Wallets

What happened: $163,931,129 worth of Ethereum ETH/USD was just moved between 2 anonymous cryptocurrency wallets in a single transaction.

This mysterious person's Ethereum wallet address has been identified as: 0x6eb6052e8f14fdc19d0a5d697b26d2ffb88345c6

$163 million worth of Ethereum was sent to an unknown recipient, with Ethereum wallet address: 0x6a2c3c4c7169d69a67ae2251c7d765ac79a4967e

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 73,418 Ethereum wallets with over $100,000 in ETH.

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

Price Action: Ethereum is down -4% in the past 24 hours.

See Also: How To Buy Ethereum

Public Blockchain data sourced from Whale Alerts Twitter.

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

Posted In: BZI-CWCryptocurrencyMarketsMoversTrading Ideas

Visit Benzinga's Crypto Homepage - 1,000,000+ depend on Benzinga Crypto every month