In the last 30 minutes, a large amount of ETH that had not been traded for 2 years was just transferred into a single wallet, attracting the attention of cryptocurrency analysts.
Specifically, 51.431 ETH with an equivalent value of 152 million USD has been accumulated from various addresses, primarily stored from the second half of 2019 to early 2020 at an average price of 150 USD/ETH, which has now increased 20 times.
MAIN CONTENT
51.431 ETH, worth about 152 million USD, has just been concentrated into one wallet after 2 years of inactivity.
This amount of ETH was mostly accumulated from late 2019 to early 2020 at an average price of about 150 USD/ETH.
The current price of ETH has increased 20 times compared to the time of accumulation, reflecting significant profitability.
Why does the transfer of 51.431 ETH after 2 years attract attention in the cryptocurrency field?
According to on-chain analyst Yu Jin, moving a large amount of 'dormant' ETH exposes changes that could affect the DeFi market. This is an important signal reflecting the behavior of cryptocurrency whales as well as market trading trends.
This amount of ETH was accumulated from late 2019 to early 2020 at an average price of only about 150 USD per ETH. To date, the price of ETH has increased 20 times, demonstrating huge profits from long-term investments. Concentrating ETH into a single wallet may signal the next big move or restructuring of major investors' portfolios.
How does the process of accumulating ETH occur and what impact does it have on the market?
According to Yu Jin's analysis, this amount of ETH was collected from many different small wallets over more than a year, mostly from the second half of 2019 to early 2020. During this period, ETH prices fluctuated around 150 USD, much lower than the current levels, indicating a strong accumulation sentiment among long-term holders.
The movement of ETH that has remained inactive for years is a signal that needs to be closely monitored, as it could impact liquidity and price volatility in the cryptocurrency market.
Yu Jin, On-chain Analysis Expert, 12/7/2024
The process of accumulating ETH scattered across multiple wallets into a single wallet can help increase transparency and ease of asset management. However, if ETH is prepared for sale on the market, it could signal price adjustment pressure or changes in trading trends on centralized and decentralized exchanges.
Comparing the value of ETH accumulation from 2019 – 2024
Average ETH Price (USD) Amount of ETH Accumulated Equivalent Value (USD) 2019 – 2020 150 51.431 7,715,000 2024 3,000 (estimated) 51.431 154,293,000
Frequently Asked Questions
What impact does this transfer of ETH have on the market? This move could change liquidity and create price volatility due to the large volume of ETH being concentrated or prepared for trading. Why has this amount of ETH not been moved in 2 years? The main reason is that investors held on long-term to anticipate the rising trend of ETH prices and to avoid short-term volatility risks. What does a 20-fold increase in ETH price mean for investors? This is clear evidence of long-term investment profitability, affirming the value of asset accumulation in the cryptocurrency ecosystem. How reputable is on-chain expert Yu Jin? Yu Jin is a leading on-chain analyst, with many analyses widely used in the international cryptocurrency community. How can one track large movements of ETH whales? Users can use reputable on-chain analysis platforms to stay updated and assess market signals.
Source: https://tintucbitcoin.com/ethereum-ca-voi-thu-gom-152-trieu-usd/
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