$275M In Ethereum Was Just Transferred Between 2 Wallets

$275M In Ethereum Was Just Transferred Between 2 Wallets

What happened: $275,024,292 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

$275 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 77,030 Ethereum wallets with over $100,000 in ETH.

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Price Action: Ethereum is up 0% 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

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