On November 7th, COINOTAG News highlighted significant activity from a major cryptocurrency whale. An on-chain analysis conducted by @ai_9684xtpa has revealed that this wallet, which began accumulating a substantial total of 20,222 ETH since late October, has further increased its holdings by an impressive 7,447 ETH within a mere 17-hour period. This recent addition is valued at approximately $19.72 million. Notably, this entity has demonstrated a pattern of withdrawing a total of 11,951 ETH from exchanges throughout November, executing these transactions at an average price of $2,581 per ETH. Presently, the total value of assets held in this wallet stands at a remarkable $370 million, underscoring the influential role such investors play in the market.
Timely, reliable coverage of breaking news, insights, and analyses on Bitcoin and cryptocurrencies since 2018.
Disclaimer: The information provided on COINOTAG NEWS is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
© COINOTAG News 2024