What happened: $221,420,066 worth of Ethereum (CRYPTO: ETH) was just moved between 2 anonymous cryptocurrency wallets in a single transaction.
This mysterious person’s Ethereum wallet address has been identified as: 0xc121aeddb89db49ebc768d48c78d000fec1f9f74
$221 million worth of Ethereum was sent to an unknown recipient, with Ethereum wallet address: 0xb84376af8a42cc0f329093b0be1e84b68bc9aa3b
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 155,519 Ethereum wallets with over $100,000 in ETH.
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Price Action: Ethereum is down 0% in the past 24 hours.
See Also: How To Buy Ethereum
Public Blockchain data sourced from Whale Alerts Twitter.
