a sleeping one Ethereum (ETH) 
$2,611 whale deposited 3 thousand 888 ETH to the cryptocurrency exchange Gemini about 4 hours ago. A total of $10.2 million worth of ETH was moved in the transaction. The probability that the amount invested in the cryptocurrency exchange will be sold by the whale level wallet address seems quite high.
Cryptocurrency Wallet Address came to the fore with its ETH purchase 1.6 years ago
The cryptocurrency wallet address in question was dated approximately 1.6 years ago. Bitfinex He made a name for himself by purchasing 6 thousand 603 ETH from the stock exchange. The average price of ETH at that time was around $1,785, and this transaction was worth $11.78 million.
After transferring 3 thousand 888 ETH to Gemini, Balina still has 2 thousand 715 ETH. ETHHe is holding in his hand. According to current market conditions, the total value of these ETHs is 7.12 million dollars.
The transfer transaction brought a large profit to the owner of the wallet address, thanks to the increase in the price of ETH. The cryptocurrency whale has pocketed a total profit of $5.54 million so far.
The transactions carried out by the whale attracted the attention of the market
This high amount of transfer cryptocurrency marketattracted attention. Transactions of whale level wallet address Nansen It is tracked by on-chain data analysis platforms such as. Let us note that the wallet address of the cryptocurrency whale in question is 0x8079e40f35837a103d6aa2c5d7f91896c9f03653.
According to on-chain data, the wallet address has been largely inactive for some time. However, this sudden transfer was interpreted as a sign that the cryptocurrency whale had determined a new strategy against market movements.
Although it is not yet clear whether these deposited ETHs will be sold on Gemini, it is considered that they will be sold. The possibility that this sale could be a sale that could put pressure on the price is not excluded. As it is known, the movements of whales in the cryptocurrency market are closely followed by cryptocurrency investors.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
