Ethereum Whales Send Exchanges $182M in ‘Likely Pre-Pump Positioning’
Volatility is firmly on the radar as non-exchange balances suddenly decline by 700,000 ETH within just three days and resistance topples. Major investors in the biggest altcoin Ether (ETH) likely moved almost $200 million to exchanges in a fresh hint that price volatility will now hit. Data from on-chain analytics resource Santiment on July 23 suggested that 700,000 ETH ($182.7 million) made its way to exchange wallets in just three days this week. ETH transfers “forewarning of the pump” The movements coincided with known non-exchange wallet balances declining by roughly that figure, implying that whales were preparing to sell or trade ETH en masse. “Nearly 700K $ETH were moved by top 100 whales in the past 3 days.
Coin Telegraph - 23rd Jul 08:07