While the answer to the question of whether there will be a big rise in Ethereum, which has been in a downward trend lately, continues to be sought, whales continue to accumulate ETH.
Although whales continued to accumulate, another ETH move came from FTX and Alameda, which transferred ETH before significant price drops.
According to Spot on Chain’s post, FTX and Alameda Research deposited another 4,500 ETH (worth $14.4 million) to Coinbase and Binance during the day at approximately $3,207.
Whales Accelerated Ethereum Purchases!
While FTX and Alameda continue to dump ETH, Tron (TRX) founder Justin Sun and whales, who have been purchasing large amounts of ETH since the beginning of April, have accelerated their Ethereum purchases.
According to Lookonchain’s post, an address labeled JustinSun and three whale addresses purchased a total of approximately $91.8 million worth of Ethereum from Binance.
“Whales are on the rise and accumulating ETH!
0x4359 (probably JustinSun) withdrew 4,666 ETH ($14.91 million) from Binance again 6 hours ago. Sun has purchased 132,054 ETH (valued at $420 million) since April 8 at $3,173.
The new wallet “0x9EB0” withdrew 7,182 ETH (worth $23.06 million) from Binance in the last 18 hours.
0x4446 withdrew 11,892 ETH ($37.77 million worth) from Binance in the last 2 days, then converted that ETH into USDT on Compound.
0x1958 withdrew 5,181 ETH ($16.28 million worth) from Binance again 34 hours ago, then deposited it to Bedrock and Pendle.”
Whales are bullish and accumulating $ETH!
0x4359 (possibly #JustinSun) withdrew 4,666 $ETH($14.91M) from #Binance again 6 hours ago and he had bought 132,054 $ETH($420M) at $3,173 since Apr 8. https://t.co/ET5sqAhv9X
Fresh wallet”0x9EB0″ withdrew 7,182 $ETH($23.06M) from… pic.twitter.com/NRakiuqNbp
— Lookonchain (@lookonchain) April 23, 2024
*This is not investment advice.