{"id":27996,"date":"2023-09-05T05:12:24","date_gmt":"2023-09-05T05:12:24","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/09\/05\/ethereum-whales-move-500-million-worth-eth-to-coinbase\/"},"modified":"2023-09-05T05:12:24","modified_gmt":"2023-09-05T05:12:24","slug":"ethereum-whales-move-500-million-worth-eth-to-coinbase","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/09\/05\/ethereum-whales-move-500-million-worth-eth-to-coinbase\/","title":{"rendered":"Ethereum Whales Move $500 Million Worth ETH to Coinbase"},"content":{"rendered":"

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The world\u2019s second-largest cryptocurrency Ethereum (ETH) may witness a large worth dump amid huge on-line transfers not too long ago. As per the on-chain information, a staggering 300,000 ETH price almost $500 million has been transferred from two completely different wallets to the crypto change Coinbase.<\/p>\n

The two pockets addresses in query belong to Coinbase and are chilly wallets. After the funds have been moved from these chilly wallets to Coinbase\u2019s scorching pockets, they have been subsequently dispersed amongst a number of addresses, with every transaction involving the switch of 4282 ETH.<\/p>\n

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On-chain information supplier Santiment explains<\/a>: \u201cAmong the largest of 2023, this is the highest <\/span>onchain<\/span> transaction spike since June 13. The reasons for these moves are unknown, and may not necessarily impact price\u201d.<\/span><\/p>\n

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