According to Santiment, long-dormant Ethereum (ETH) The whale wallet became active for the first time in over six years. The move coincided with the bullish action in the ETH market.
Ethereum (ETH) Rises 8% After Still Whale Wallet Makes This Move
Whale, its finishing October 4, 2016After doing about 22.2 million worth a dollar 15,000 ETHHe carried it to an empty wallet.
An Ethereum whale wallet that has been inactive for over 6 years woke up today and moved $22.2 million worth of ETH to an empty wallet.
Since this transaction, the price of ETH has risen 8.1% and has risen above $1,500 for the first time since the Merge update 6 weeks ago.
This address isn’t the only long-dormant whale that has recently become active. Another whale address, which was last active in 2015, has recently become active and 400 ETH carried it.
Santiment has previously reported that whale addresses have been around since 20 October. 320,000 ETH He stated that he was carrying ETH’s price initially reacted bearishly to this, but has since seen significant bullish action.
Meanwhile, this rapid price increase has caused short-term investors in the futures market to face gradual liquidations.
In less than an hour in transactions on October 25 105 million More than $$1 in ETH shorts were liquidated and the FTX exchange accounted for the lion’s share of liquidations.
*Not investment advice.
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