Ethereum whales transfer 120,000 tokens worth $217.4 million in 24 hours. ETH has surged by 2.67% over this period
ETH surged by 2.67% over this period.has been stuck in a consolidation range between $3100 and $3300 levels.
Over the past 24 hours, Ethereum has faced massive whale activity. During this period, whales have transferred a total of $217.4 million worth of Ethereum., one whale transferred 29,999 ETH tokens worth $98.5 million to Binance. This transfer implies the whale intended to sell. Such a massive dump could negatively impact the market if it fails to absorb it.
Thirdly, a whale transferred 6099 ETH tokens worth $20 million from OKEx to Cumberland. Usually, a transfer to Cumberland is not associated with selling but with liquidity provisions.What does the ETH chart say?
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