Metalpha, a major crypto wealth management firm based in Hong Kong, recently transferred $77.55 million in Ethereum (ETH) to Binance, as reported by Lookonchain.
Over several transactions, Metalpha moved a total of 33,589 ETH to the exchange, including a notable transfer of 10,000 ETH valued at $23.45 million on Monday.
Currently, Metalpha retains 51,300 ETH, worth approximately $120 million.
Lookonchain also highlighted increased activity among Ethereum whales. One whale recently purchased 5,000 ETH for $11.46 million at recent lows.
This whale had previously bought 5,200 ETH at an average price of $1,322 in November 2022 and sold it at an average price of $2,093 between December 2023 and January 2024, realizing a profit of over $4 million.
At present, Ethereum is trading at $2,378, marking a 1.5% increase in the last 24 hours.
A cryptocurrency trader turned an $800 investment into $400,000 in just one week by trading the meme coin Moo Deng (MOODENG).
Ripple, a prominent fintech company known for its ongoing innovations and partnerships, has struggled to reflect its growth in the price of its cryptocurrency, XRP, over the past seven years.
Ethereum (ETH), the leading altcoin, has been underperforming compared to Bitcoin (BTC) since the start of 2024, disappointing many investors.
BNB Chain has announced a major update designed to enhance its stablecoin infrastructure by introducing gasless transactions.