Whale shifts $110.5 million into ETH as Ethereum Hits New All-Time High
As Ethereum has hit a new all-time high, Whales has transferred a whopping $110.5 million in ETH from crypto exchanges, pushing ETH balances to a 15-month low.
- Ethereum hits new all-time high
- Users consume ETH balances on exchanges
Earlier today, the second largest digital currency hit a Crypto Bull new all-time high at the $1,467 level as per data from CoinMarketCap.
Meanwhile, crypto whales and other users have pushed ethereum balances on exchanges to a 15-month low.
Ethereum reaches new record high
After peaking at a high of $1,448 on Jan. 19, the second largest cryptocurrency traded in a range, moving between the $1,300 and $1,200 areas.
However, earlier today, on January 25, Vitalik Buterin’s brainchild’s native currency, Ethereum, went up to a new ATH of $1,467 per coin.
Related Whales Move $451.3 Million in ETH from Highest Exchanges, ETH Balance on Platforms Hits Major Low.
Whales Move $451.3 Million in ETH From Top Exchanges, ETH Balance on Platforms Hits Major Low
Users consume ETH balances on exchanges
According to data shared by the Glassnode analytics team, ETH balances on crypto exchanges have fallen to a 15-month low of 15,500K ETH.
Users have acquired ETH and included it in their fridges and online wallets for long-term safekeeping. Financial institutions are also among them, with Grayscale on that list, with $3,393.7 million in its Ethereum Trust according to data shared by the company on January 22.
Meanwhile, crypto whales have also moved a staggering amount of ETH over the past 24 hours.
They have transferred a mammoth amount of over $110.5 million worth of ETH, or about 86,277 ETH.
Some ETH cubes were withdrawn from crypto exchanges, such as Binance and others, to anonymous wallets. Other portions of ETH were moved between crypto wallets with unregistered owners.