What happened: $67,172,281 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: 0x19184ab45c40c2920b0e0e31413b9434abd243ed
$67 million worth of Ethereum was sent to an unknown recipient, with Ethereum wallet address: 0x02cee8dd7581946bef23102e69869f8da96ee502
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 49,002 Ethereum wallets with over $100,000 in ETH.
See Also: Best Crypto Apps 2021 and Best Crypto Portfolio Trackers
Price Action: Ethereum is down -1% 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.
Read More:This Wallet Just Transferred $67M Worth Of ETH – Benzinga