Two Giant Whales Deposit 25,865 $ETH Worth $89M Ahead of Ethereum ETF Launch

In the nine days leading up to the highly anticipated Ethereum ETF launch tomorrow, two major whale investors have deposited a total of 25,865 ETH, valued at approximately $89 million, to centralized exchanges (CEX).

In the 9 days ahead of tomorrow's #Ethereum ETF launch, two giant whales deposited 25,865 $ETH ($89M) to CEX!

1️⃣ Whale 0xbec moved 11,965 $ETH to #Binance at ~$3,457 ($41.4M) in the past 5 days.

• Last action: 12hrs ago
• Holding: 51,462 $ETH (~$180M)
• Est. profit: $29.9M… pic.twitter.com/q4Cs8LhkX6
— Spot On Chain (@spotonchain) July 22, 2024

Whale 0xbec has transferred 11,965 ETH to Binance at an average price of $3,457 per

, amounting to $41.4 million. This whale’s last transaction was recorded 12 hours ago. Currently, whale 0xbec holds 51,462 ETH, worth around $180 million, with an estimated profit of $29.9 million, reflecting a 14.7% gain.

Multisign 0x7d6’s Movements

Simultaneously, Multisign 0x7d6 has moved 13,900 ETH to OKX, at an average price of $3,427 per ETH, totaling $47.6 million over the past nine days. The most recent activity from this wallet was 11 hours ago. Multisign 0x7d6 maintains holdings of 188,070 ETH, valued at $657 million, across two wallets.

The strategic movements of these significant sums into exchanges indicate potential preparations for significant trading activities as the Ethereum ETF launch approaches, a development eagerly awaited by the cryptocurrency market.

Tags: ETH