Anonymous crypto wallet moves $94 million worth of Ethereum

What happened: $94,205,222 of Ethereum (CRYPTO: ETH) has just been moved between 2 anonymous cryptocurrency wallets in a single transaction.

The Ethereum wallet address of this mysterious person has been identified as follows: 0x4093fbe60ab50ab79a5bd32fa2adec255372f80e

$94 million worth of Ethereum was sent to an unknown recipient, with the Ethereum wallet address: 0xcc9a0b7c43dc2a5f023bb9b738e45b0ef6b06e04

Why is this important: Cryptocurrency whales that own millions of dollars in Ethereum tend to move the markets on their own. If the whale decides to exit this Ethereum position, the market impact could be enough to drive down the price of ETH. It takes around $15-30 million of selling pressure to drive down the price of Ethereum by 2% on any given exchange.

You can see more details of the transaction here

According to Glassnode, there are 112,387 Ethereum wallets with over $100,000 in ETH.

See also: Best Crypto Apps 2021 and Top Crypto Portfolio Trackers

Price Action: Ethereum is down -2% in the last 24 hours.

See also: How to buy Ethereum

Public Blockchain Data from Twitter Whale Alerts.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

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