$ETH

$400 Million Ethereum Accumulated in 3 Days: $3,000 ETH Incoming?

This week Ethereum has been the market's focus due to its dramatic price movement as well as significant whale activity that is having an impact on the ecosystem. In just the last three days, Abraxas Capital, one of the most active participants at the moment, has taken an incredible 185,309 ETH worth about $399 million out of centralized exchanges. ETH's dramatic price increase from about $1,800 to a peak of $2,600, representing a nearly 44% rally in less than a week, is occurring at the same time as this activity.