© Reuters. Anonymous Crypto Wallet Moves $130M Worth Of EthereumWhat happened: $130,143,407 worth of (CRYPTO: ETH) was just moved between 2 anonymous cryptocurrency wallets in a single transaction.
This mysterious person’s Ethereum wallet address has been identified as: 0xcd531ae9efcce479654c4926dec5f6209531ca7b
$130 million worth of Ethereum was sent to an unknown recipient, with Ethereum wallet address: 0x9bec8d9d62c68792cea3123a231fb8c31f140f3d
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 67,599 Ethereum wallets with over $100,000 in ETH.
Price Action: Ethereum is down -1% in the past 24 hours.
Public Blockchain data sourced from Whale Alerts Twitter.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
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