The Ethereum whale moved 247,979 ETH of approximately $280 million to an anonymous wallet.
According to Santiment’s data, there has been an increase in whales’ ETH activities recently.
According to the crypto analysis platform, there is a bottoming spree as the value of ETH has decreased by 25% compared to a year ago.
According to Santiment, the last time this happened, ETH started a rally that resulted in a 50% increase.
“Active whale addresses continue to accumulate at one-quarter less than ATH levels a year ago. In October and November of 2020, this resulted in a 50% price increase.”
Among the ETH transfers detected by Whate Alert, a transfer of 102 million dollars also drew attention.
Whale Alert pointed out that an active ETH address seven years later also carries 2.5 million dollars of ETH.
ETH is trading at $1,203 at the time of writing, according to CoinMarketCap data.
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