Ethereum (ETH) investors with big pockets are moving over $100 million worth of ETH to prominent crypto exchange platforms.
New data from Whale Alert, a platform dedicated to tracking crypto whale activity, finds high net worth ETH investors have moved nearly $140,000,000 from the leading smart contract platform to Coinbase, Kraken, and OKX.
In one case a whale moved 20,000 ETH, worth just over $38 million, from Layer-2 scaling solution Arbitrum (ARB) to Kraken, a San Francisco-based crypto exchange.
Another example saw a wealthy trader Handover 25,264 ETH, worth approximately $48.3 million, from an unknown wallet to Coinbase, the largest US-based crypto exchange platform by volume.
The third occurrence saw a crypto whale move 30,000 Ethereum, worth about $57.7 million, from an unknown wallet to OKX, a Seychelles-based crypto exchange.
Earlier this month, data from blockchain tracking firm Lookonchain revealed that since June 8, an ETH whale has withdrawn more than $91 million worth of top altcoin from Binance, the largest crypto exchange platform in the world by volume.
In addition, the data shows that the big bag trader has also staked about $65 million worth of Ethereum.
“The whale has withdrawn 50,100 ETH ($91.2 million) from Binance since June 8 and staked 34,560 ETH ($65 million).”
Ethereum is trading at USD 1,889 at the time of writing, down 1.14% in the past 24 hours.
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