• Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA
Tuesday, December 5, 2023
WongaNews.com
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
WongaNews.com
No Result
View All Result

This Ethereum whale’s balance fell from 145k ETH to 1 ETH

August 15, 2022
in Altcoins
Reading Time: 3 mins read
A A
This Ethereum whale’s balance fell from 145k ETH to 1 ETH
ShareShareShareShareShare

An Ethereum wallet that had been dormant for around three years has now become active and is transferring tokens. Over the past day, the whale moved approximately 145k ETH to different wallets.

Per on-chain data, the tokens were mainly transferred in batches of 5000, 10000, 15000, and 20000. The wallet, as such, has its roots associated with the genesis ICO via which it obtained 150k ETH. In 2019, the wallet sent out 5000 tokens, and three years back indulged in two transactions involving a negligible amount of ETH [0.00000111222333 x 2 ETH].

Chalking out the same, Chinese journalist Colin Wu tweeted,

“The initial source of ETH for this whale was to participate in the Ethereum Genesis ICO, and a total of 150,000 ETH was obtained, of which 5,000 ETH was transferred out to the Bitfinex3 exchange address on July 31, 2019 ($ETH=219).”

After emptying the wallet, the whale indulged in a few “in” transactions. In retrospect, its balance stood at 1.189 ETH [$2339.2] at press time.

Source: Etherscan

Ethereum and its macro trends

Ethereum’s dormant supply has been inclining despite the said whale transferring out tokens. Per data from Glassnode, the supply last active 3-6 months back reached a 1-month high of 9.7 million ETH on Monday. The same implies that participants who bought their tokens a few months back continue to HODL them.

Interestingly, the number of addresses with a non-zero balance has attained an ATH of 85 million. This new milestone does not come as a surprise given the surging price of the alt-king, and positive sentiment associated with it ahead of The Merge.

Over the past week, Ethereum has surged by 14%. In fact, during the weekend, the most significant alt went on to breach the $2k mark for the first time since the end of May. In effect, the number of addresses in loss has shrunk and currently stands at a one-month low of 33.2 million.

So, even though the Genesis ICO giant whale has likely sold its ETH, the macro trends remain pretty optimistic for Ethereum.

Also Read: Altcoin season index peaks: Ethereum, Cardano, XRP to rally?


Credit: Source link

Related articles

Price Prediction For Mid-December 2023

Price Prediction For Mid-December 2023

December 5, 2023
Top Gaming Tokens React to GTA 6 Trailer Release

Top Gaming Tokens React to GTA 6 Trailer Release

December 5, 2023
ShareTweetSendPinShare
Previous Post

Shiba Inu Overtakes Dogecoin in the Number of Twitter Followers

Next Post

Brazilian Crypto Lender BlueBenx Halts Withdrawals after Suffering Hack of $32M

Related Posts

Price Prediction For Mid-December 2023

Price Prediction For Mid-December 2023

December 5, 2023

VeChain (VET) has been actively involved in various development initiatives and projects, including the recent introduction of “The HiVe” event,...

Top Gaming Tokens React to GTA 6 Trailer Release

Top Gaming Tokens React to GTA 6 Trailer Release

December 5, 2023

The eagerly anticipated arrival of GTA 6 is finally on the horizon, as marked by the official release of the...

Burn Rate Spikes 7,686,774%, Will it Delete a Zero?

Burn Rate Spikes 7,686,774%, Will it Delete a Zero?

December 5, 2023

Shiba Inu’s (SHIB) burn rate has spiked by over 7.6 million percent, burning over 8.3 billion tokens in the last...

$18,000 in SHIB Turns $43.7 Million in December 2023

$18,000 in SHIB Turns $43.7 Million in December 2023

December 4, 2023

There’s magic in numbers and numbers are magical in the world of cryptocurrencies. A mere investment of $100 can turn...

Shiba Inu Forecasted To Hit 10 Cents: Here’s When

Shiba Inu Forecasted To Hit 10 Cents: Here’s When

December 4, 2023

The Shiba Inu community is buzzing with speculation as enthusiasts and investors ponder the prospect of SHIB reaching 10 cents....

Load More
Next Post
Brazilian Crypto Lender BlueBenx Halts Withdrawals after Suffering Hack of $32M

Brazilian Crypto Lender BlueBenx Halts Withdrawals after Suffering Hack of $32M

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

LCX continues to shine, poised for ATH by the end of 2023

LCX continues to shine, poised for ATH by the end of 2023

November 23, 2023
Cardano Founder Speaks Out On Ethereum Insider Revelations

Cardano Founder Speaks Out On Ethereum Insider Revelations

November 17, 2023
SEC meets with Hashdex to discuss its Bitcoin ETF proposal

SEC meets with Hashdex to discuss its Bitcoin ETF proposal

November 30, 2023

About Us

Wonga News is an online news portal that aims to provide the latest crypto news, blockchain, regulations, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch with us!

What’s New Here!

  • Bangladesh’s savings update Forex reserves fall to $15.82 billion
  • Bitcoin vs. Marx: Two Competing Geopolitical Domino Theories
  • Price Prediction For Mid-December 2023

Newsletter

Loading
  • Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 WongaNews.com - All Rights Reserved!

No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading

© 2022 - WongaNews.com - All Rights Reserved!

  • Stride Staked InjectiveStride Staked Injective(STINJ)$16.52-4.28%
  • bitcoinBitcoin(BTC)$43,616.004.74%
  • ethereumEthereum(ETH)$2,297.903.53%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.00-0.08%
  • binancecoinBNB(BNB)$232.220.65%
  • rippleXRP(XRP)$0.620.63%
  • solanaSolana(SOL)$62.002.48%
  • usd-coinUSDC(USDC)$1.00-0.04%
  • staked-etherLido Staked Ether(STETH)$2,298.993.60%
  • cardanoCardano(ADA)$0.4180464.35%
  • dogecoinDogecoin(DOGE)$0.0922234.24%
  • tronTRON(TRX)$0.1036470.72%
  • chainlinkChainlink(LINK)$15.911.51%
  • avalanche-2Avalanche(AVAX)$23.739.20%
  • ToncoinToncoin(TON)$2.442.33%
  • matic-networkPolygon(MATIC)$0.822.26%
  • polkadotPolkadot(DOT)$5.753.57%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$43,540.004.79%
  • Wrapped stETHWrapped stETH(WSTETH)$1,865.160.38%
  • shiba-inuShiba Inu(SHIB)$0.0000094.93%
  • litecoinLitecoin(LTC)$73.540.92%
  • daiDai(DAI)$1.000.35%
  • bitcoin-cashBitcoin Cash(BCH)$248.550.20%
  • uniswapUniswap(UNI)$6.294.08%
  • okbOKB(OKB)$58.22-1.13%
  • leo-tokenLEO Token(LEO)$3.730.30%
  • stellarStellar(XLM)$0.1224390.77%
  • KaspaKaspa(KAS)$0.1430211.27%
  • moneroMonero(XMR)$171.101.95%
  • ethereum-classicEthereum Classic(ETC)$20.282.88%
  • cosmosCosmos Hub(ATOM)$9.863.42%
  • true-usdTrueUSD(TUSD)$1.000.23%
  • crypto-com-chainCronos(CRO)$0.0966290.22%
  • Aerarium FiAerarium Fi(AERA)$7.12-13.06%
  • internet-computerInternet Computer(ICP)$5.082.23%
  • nearNEAR Protocol(NEAR)$2.2810.09%
  • filecoinFilecoin(FIL)$4.773.14%
  • BSCEXBSCEX(BSCX)$237.310.49%
  • lido-daoLido DAO(LDO)$2.474.76%
  • hedera-hashgraphHedera(HBAR)$0.0657045.48%
  • AptosAptos(APT)$7.622.32%
  • BittensorBittensor(TAO)$345.404.31%
  • thorchainTHORChain(RUNE)$6.59-0.61%
  • immutable-xImmutable(IMX)$1.474.99%
  • MantleMantle(MNT)$0.58-0.69%
  • vechainVeChain(VET)$0.0249134.82%
  • blockstackStacks(STX)$1.149.20%
  • optimismOptimism(OP)$1.822.10%
  • binance-usdBUSD(BUSD)$1.000.09%