A whale or organization has just acquired nearly 60,000 ETH valued at approximately 254 million USD, bringing the total ETH held to nearly 300,000 coins.
Onchain Lens data shows that this transaction involves major partners such as FalconX, Galaxy Digital, and BitGo, distributed across 9 different wallets, with a total current ETH value of 1.24 billion USD.
MAIN CONTENT
A whale or organization purchased an additional 59,998 ETH, valued at approximately 254 million USD.
The total amount of ETH held is 293,184 coins, valued at about 1.24 billion USD.
The amount of ETH is distributed across 9 different wallets.
How much ETH has a whale or organization purchased and what is the corresponding value?
Based on data from Onchain Lens, a large entity has just made an additional purchase of 59,998 ETH, equivalent to about 254 million USD at current prices.
This action demonstrates strong buying power from individuals or organizations with significant financial capacity, reflected in the use of multiple wallets and reputable partners like FalconX, Galaxy Digital, and BitGo handling the transaction steps.
What is the current total amount of ETH owned by this whale?
This whale or organization currently holds a total of 293,184 ETH, with a market value of nearly 1.24 billion USD, divided among 9 different wallets.
Distributing across multiple wallets not only enhances security but also facilitates the diverse storage and trading strategies of whales in the Ethereum market.
Accumulating such a large amount of ETH reflects strong confidence in the long-term growth potential of Ethereum.
Cryptocurrency market analyst, 2024
What does using multiple wallets mean for whales?
Distributing ETH across 9 wallets enhances the security of assets while supporting risk management when trading large quantities in the cryptocurrency market.
This approach also allows whales to easily implement complex financial strategies, from staking, liquidity to diverse transactions across blockchain platforms.
How do partners like FalconX, Galaxy Digital, and BitGo ensure whale transactions?
Organizations such as FalconX, Galaxy Digital, and BitGo are all leading digital asset service providers, ensuring transparency and safety in large-scale Ethereum transactions.
They provide a platform that supports trading, secure wallet storage, and effective liquidity solutions, helping whales implement investment strategies effectively and safely.
Frequently asked questions
What is an Ethereum whale?
Ethereum whales are individuals or organizations that hold large amounts of ETH, potentially influencing the market and prices due to large trading volumes.
Why do whales distribute ETH across multiple wallets?
Distributing across multiple wallets helps enhance security and manage risk when trading large investments in cryptocurrency.
What role do organizations like FalconX and Galaxy Digital play in the ETH market?
They provide professional trading, storage, and liquidity services, assisting large investors in executing safe and efficient transactions.
What factors is the value of ETH estimated based on?
The value of ETH measured by current market prices on major cryptocurrency exchanges, which often fluctuates based on supply and demand.
How does the whale's additional purchase of ETH affect the market?
Large purchase transactions often create a positive sentiment in the market, potentially driving an upward price trend due to long-term confidence.
Source: https://tintucbitcoin.com/ethereum-whale-mua-them-60-000-eth/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated on the latest news about the cryptocurrency market and not miss any important information!
