Whale Alert reported that an enormous amount of Ethereum (ETH) had been transferred by anonymous whales in the last 10 hours: 500,396 Ether. This happened as ETH climbed higher after its all-time high of $ 1,900 to reach $ 1,926.

 

 

Anonymous whales approach $ 1 billion in ETH

According to data shared by Whale Alert, in the last 10 hours, anonymous owners of large amounts of Ethereum have moved $ 957,712,908 in ETH: 500,396 ETH.

Each of these transfers carried approximately 19,000 ETH and was made between anonymous digital wallets. However, the total for one transaction was $ 428,272,747 (224,430 ETH) which was quite remarkable.

 

Ethereum hits an all-time high of over $ 1,900

A few hours ago, Ethereum, the second largest cryptocurrency, made another move on the charts, breaking the $ 1,900 level for the first time in history to hit an all-time high of (Binance) at $ 1,929 per coin.

According to CoinMarketCap data, the previous historic peak of $ 1,800 was surpassed on February 10 a week ago.

The Santiment data agency tweeted that whale wallets with more than 10,000 ETH dropped to 1,287, four days before their all-time high.

The CEO of the CryptoQuant analytics service also commented on the achievement of ETH’s all-time high. He tweeted that this ATH was due to different reasons than in 2018, when ETH reached its $ 1,300 peak.

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The rise this time around is due to financial institutions’ interest (CME launched ETH futures on Feb. 8), with the launch of the zero phase of ETH 2.0 on Dec.1, 2020, leading to many withdrawals from crypto exchanges and DeFi booms.

As previously reported by the US, the daily trading volume of ETH futures on CME has nearly doubled between last Friday and yesterday.

Ethereum’s competitor’s local coin rises to fourth place
BNB, the native token of Binance and Binance Smart Chain (BSC), reached its all-time high of $ 196 today and rose to fourth place on CoinMarketCap, overtaking ADA and Polkadot and pushing XRP to seventh place.

Due to the extremely high fees, twice as many transactions were recorded on Binance Smart Chain than on Ethereum. CZ believes BSC is the biggest competitor of Ethereum developed by Vitalik Buterin.

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