{"id":174780,"date":"2023-10-16T07:03:01","date_gmt":"2023-10-16T01:33:01","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=174780"},"modified":"2023-10-16T07:03:01","modified_gmt":"2023-10-16T01:33:01","slug":"dormant-ethereum-whale-sells-millions-in-eth-on-binance-with-massive-profit-details-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/dormant-ethereum-whale-sells-millions-in-eth-on-binance-with-massive-profit-details-crypto-news\/","title":{"rendered":"Dormant Ethereum Whale Sells Millions in ETH on Binance With Massive Profit: Details – Crypto News"},"content":{"rendered":"

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Yuri Molchan<\/p>\n

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Old Ethereum whale has stirred, sending large amount of ETH to world’s largest exchange immediately<\/p>\n<\/div>\n

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Blockchain sleuth @OnchainDataNerd has reported that earlier today, a whale awakened after three years of zero activity and made a big transfer of ETH<\/a> to the Binance exchange.<\/p>\n

Dormant whale moves millions in ETH to Binance\u00a0<\/h2>\n

The whale deposited 4,500 ETH currently worth almost $7 million in fiat to Binance while the coin’s price still remained at $1,542.<\/p>\n

@OnchainDataNerd pointed out that this whale had purchased 11,900 ETH in total for $2.89 million back in June 2020 on the Bitfinex exchange. Three years ago, the whale paid $243 per Ether, and now the coin’s price has gone up by more than six times.<\/p>\n

If he sells all his Ethereum bought then now, the profit will constitute $15.56 million, per @OnchainDataNerd’s X post.<\/p>\n

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16 hours ago, Whale 0x88e, who has been dormant for 3 years, deposited 4.5K $ETH<\/a> ($6.94M) to #Binance<\/a> at $1542.<\/p>\n

Notably, he accumulated 11.9K $ETH<\/a> ($2.89M) from #Bitfinex<\/a> at an avg price of $243 in June 2020.<\/p>\n

In total, he currently has an estimated profit of $15.56M. pic.twitter.com\/UTrqzAFV1D<\/a><\/p>\n

\u2014 The Data Nerd (@OnchainDataNerd) October 14, 2023<\/a><\/p><\/blockquote><\/div>\n

Close to 60,000 ETH sent to top exchanges today<\/h2>\n

A lot more Ethereum has been moved to centralized crypto exchanges than what the above-mentioned whale deposited. According to recent X posts by prominent blockchain tracker Whale Alert, whales have moved 59,860 ETH in total to two leading crypto exchanges \u2014 Coinbase and GateIO.<\/p>\n

Lumps of 22,699 ETH and 22,157 ETH were deposited to Coinbase by anonymous whales, and 15,000 ETH was transferred to GateIO. Altogether this amount of crypto makes up $92.3 million in fiat.<\/p>\n

Top 10 Ethereum wallets increase their balances<\/h2>\n

As reported by on-chain data aggregator Santiment earlier this week, top 10 Ethereum wallets, both belonging to exchanges and not associated with them, have been accumulating additional amounts of the second largest cryptocurrency.<\/p>\n

Now, the top 10 addresses on exchanges contain 8.51% of the total Ethereum supply<\/a>. As for wallets outside crypto exchanges, they have increased their holdings to a whopping 39.22 million ETH.<\/p>\n<\/div>\n

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About the author<\/p>\n


\n\"article<\/p>\n

Yuri Molchan<\/p>\n

<\/a><\/p>\n

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Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. \u2018Hodls\u2019 major cryptocurrencies and has written for multiple crypto media outlets.\u00a0<\/p>\n

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.<\/p>\n

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Yuri Molchan Old Ethereum whale has stirred, sending large amount of ETH to world’s largest exchange immediately Blockchain sleuth @OnchainDataNerd has reported that earlier today, a whale awakened after three years of zero activity and made a big transfer of ETH to the Binance exchange. Dormant whale moves millions in ETH to Binance\u00a0 The whale […]<\/p>\n","protected":false},"author":2,"featured_media":174781,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-174780","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/174780","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=174780"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/174780\/revisions"}],"predecessor-version":[{"id":174783,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/174780\/revisions\/174783"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/174781"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=174780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=174780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=174780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}