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Ethereum Price Action: Huge Crypto Whale Moves 20,000 ETH Onto Bitfinex

August 25, 2018

Crypto traders are following the tracks of an early investor in Ethereum who may have decided it’s time to sell.

The investor has transferred 20,000 Ether bought during the coin’s ICO onto Bitfinex. The coins are now worth about $5,600,000, based on the current price on CoinMarketCap.

This isn’t the first time the whale has moved funds onto Bitfinex. Back in May, 116,000 Ether was moved onto Bitfinex from that same wallet which still has 104,487 ETH worth more than $29 million.

The transaction was first spotted by Zoe Dolan, who watches wallets that were generated during Ethereum’s ICO.

yesterday a recipient of 93,750 ETH from the genesis block wallet moved 19,999.89936988 ETH onto Bitfinex

tx hash: 0x0f287477b0adddf4612fadd79170bba35d2c3f17e7e0405772eb3e88534eb2e3

— Zoe (@UltraRareAF) August 23, 2018

In the meantime, Ethereum’s price continues to move sideways, as it has for the last 10 days or so.

The price of ETH is currently at $280.25.

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.