$217M In Ethereum Was Just Transferred Between 2 Wallets

What happened: $217,062,879 worth of Ethereum (CRYPTO: ETH) was just moved between 2 anonymous cryptocurrency wallets in a single transaction.

This mysterious person’s Ethereum wallet address has been identified as: 0xb84376af8a42cc0f329093b0be1e84b68bc9aa3b

$217 million worth of Ethereum was sent to an unknown recipient, with Ethereum wallet address: 0x3a43fffcfc3823136ab45f4d39d66facb01e99df

Why it matters: Cryptocurrency whales that own millions of dollars in Ethereum tend to move markets single-handedly. If the whale decides to exit this Ethereum position, there could be enough market impact to push down the price of ETH. It takes about $15 to $30 million of sell pressure to move the price of Ethereum down 2% on any given exchange.

You can view more details about the transaction here.

According to Glassnode, there are 152,996 Ethereum wallets with over $100,000 in ETH.

See Also: Best Crypto Apps 2021 and Best Crypto Portfolio Trackers

Price Action: Ethereum is up 1% in the past 24 hours.

See Also: How To Buy Ethereum

Public Blockchain data sourced from Whale Alerts Twitter.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.