“As the price of Ethereum continues to soar, a wave of new ETH whales emerges, gobbling up an astonishing number of tokens, indicating both the growing interest in the cryptocurrency and the potential for substantial gains in the near future.”
According to data shared by @OnchainDataNerd on the X social media app, four new whales have recently acquired a significant amount of Ethereum (ETH) on Coinbase. In addition, Whale Alert crypto tracker spotted a large ETH withdrawal from Binance to an anonymous wallet.
In the past 24 hours, three new whales purchased a total of 47,760 ETH on Coinbase, worth $82.97 million at the time of purchase. Another whale bought and withdrew 8,310 ETH from Coinbase, worth $15.09 million. Furthermore, Whale Alert reported that another whale transferred 30,709 ETH from Binance.
Meanwhile, the price of Ethereum has increased by 7.5% in the last 24 hours, rising from the $1,717 range to $1,846. However, there was a slight decline of 1.13%, bringing the price down to $1,828 on the Bitstamp exchange.
The rise in Ethereum’s price is part of a broader trend in the crypto market, following Bitcoin’s surge of 9.73% from $31,446 to $34,505 in the past 24 hours. This increase is attributed to the growing anticipation of the SEC approving a Bitcoin spot ETF this year.
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About the author:
Yuri Molchan is a crypto journalist with a keen interest in technology and technical innovations. He has been involved in the crypto industry since 2017 and believes that blockchain and cryptocurrencies have the potential to transform the world in many aspects. Yuri currently writes for U.Today and can be contacted at [email protected].