Whale investors have made a splash in the Ethereum (ETH) market, causing a frenzy of unusually large transactions as the cryptocurrency’s price makes a strong comeback. The waters of ETH are teeming with excitement as these big players make their move.
The wild ride of Ethereum (ETH) taking the investors on a rollercoaster of emotions in just 24 hours. Yesterday’s unexpected sell-off sent shockwaves through the market, causing millions to be wiped out in a matter of minutes. With a dramatic 3.1% drop, Ethereum’s value plunged to $3,411, leaving traders on the edge of their seats.
After a tumultuous 20 hours, ETH has made a triumphant comeback, currently trading at a staggering $3,559.81. This impressive 5% increase from its lowest point yesterday has caught the attention of market analysts. But what’s even more intriguing is the sudden surge of activity from the whales – the powerful players in the market. According to Spot On Chain, a jaw-dropping 9,000 ETH, worth a whopping $32 million, was deposited by a single entity, making it the largest deposit of its kind.
The crypto world is buzzing with excitement as reports from Lookonchain reveal a major player, known as a “whale”, has made a jaw-dropping acquisition. This mysterious figure has snatched up a whopping 10,309 ETH, worth a staggering $35.82 million, during the recent market downturn. And that’s not all – this same whale had also made a significant transaction just before Bitcoin’s surge on April 8th.
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November 2021 will go down in history as the month when Ethereum soared to unimaginable heights, reaching an all-time high of $4891.70. But the excitement doesn’t end there – experts predict that within the next three months, Ethereum could shatter its own record and reach new heights. And with the highly anticipated Bitcoin halving event on the horizon, the crypto market is bracing for another surge in prices.