Ethereum Whale Transfers 46,793 ETH to Binance

Ethereum, the world’s second-largest digital currency, reported a spike in its network activity in the last few days amid a record rally in the price of ETH. Crypto whales accelerated the movement of Ethereum this week after ETH crossed the $4,000 price level.

According to the latest data published by crypto Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Read this Term firm, Whale Alert, a large Ethereum address moved 46,793 ETH worth more than $181 million to cryptocurrency exchange, Binance. The mentioned transaction was executed on 11 May at 4:01 UTC.

The latest Ethereum transaction from a crypto wallet to digital exchange, Binance came as a surprise as leading crypto exchanges around the world reported massive ETH outflows in the last few days. According to Glassnode, cryptocurrency exchanges now hold nearly 12% of the total ETH supply, compared to 17% in September 2020.

ETH touched an all-time high of nearly $4,200 yesterday after the market cap of the world’s second-most valuable digital currency reached approximately $480 billion. Despite a small correction of 5% in the last 24 hours, Ethereum is up by more than 16% in the last 7 days.

Ethereum Whales

Large ETH accounts are moving Ethereum from crypto exchanges to unknown wallets. Whale Alert highlighted a crypto transaction earlier today involving the movement of 30,000 ETH worth over $115 million from Crypto.com to an unknown digital wallet. A large Ethereum account transferred 15,400 ETH on 11 May from cryptocurrency exchange Gemini to an unknown digital wallet. A surge in ETH-related institutional inflows is also playing a major role in the movement of the world’s second-most valuable cryptocurrency in large amounts. CoinShares, a leading digital asset management firm, recently published its weekly digital asset fund inflows report and mentioned that Ethereum investment products attracted $60 million worth of institutional inflows last week.

The latest jump in the price of ETH has pushed the total value of Grayscale’s Ethereum assets under management to $12.5 billion. The company now holds more than 3.1 million ETH along with 650,000 Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term (BTC).