A crypto whale moves 20k Ethereum from Binance to an unknown wallet

Fibo Quantum

Yet again, a new mystery whale moves 20000 Ethereum from largest crypto exchange, Binance to an unknown wallet. The significant transaction has been identified on August 18 by a Twitter account Whale Alert.

If we dig deeper, Ethereum/ETH, which is the second-largest cryptocurrency in terms of market cap caught in a massive whale transfer. On Sunday, yesterday, Whale Alert shared a transaction Id of ETH, wherein USD 3,708,034 which is equivalent to 20000 ETH has been transferred from Binance to an unknown wallet with fees 0.00084 Ether as approximate to $0.16.

This fishing event took place at 05:15:45 AM +UTC on Aug-18-2019. Below are the two wallet IDs between which the transaction occurred;

From: 0x3f5ce5fbfe3e9af3971dd833d26ba9b5c936f0be (Binance 1)
To: 0x4d8041260c0850be2cf4839527ce60b7a783c276

As mentioned, it’s unknown to whom the funds have been sent whereas a depositor/sender appeared as a user from Binance. Nevertheless, the price of Ethereum is quietly surging by 0.05% over the past 24 hours whereas the crowning crypto, Bitcoin is plummeting with 1.67% within last 24 hours.

There is no doubt that transactions like these occur very often, as TWJ (Tron Weekly Journal) recently reported whale transferred 10,000,000 Ripple (XRP) from unknown wallet to another wallet known as Funding Wallet. Those 10,000,000 XRP were found corresponding to USD 2,666,892 on August 16 which carried out with transaction fees of 0.000012 XRP.

Besides ETH and Ripple, Whale Alert had also reported the transfer of 7000 BTC between different unknown wallets on Saturday, August 17, 2019. Specifically, these transactions were deemed a successful one with four confirmation in place and with a fee of 0.00004032 BTC.

It’s worth mentioning that the ETH counts at the value of 195.6 against the US Dollar and stands with a market cap of $21 Billion after going up by 6% over the last 24 hours. At the press time, Ethereum is trading higher on few least-famous crypto exchanges including CoinEgg, Bilaxy, LBank, Fatbtc, Coieal, BW.com, BITKER, LATOKEN, HitBTC and a few more.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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