A Ethereum whale wallet that has been dormant for 6 years transferred all 77,736 ETH (USD 228.6 million) to Bitfinex this morning. Machi Big Brother also deposited over 5,000 ETH to Binance before the market crash.
(Background: Altcoin Crash》Ethereum erased half-year gains, XRP plunged 40% in a day, SOL fell below $180, 710,000 people were liquidated over $200 million)
(Additional Background: Trump Tariff War Bloodbath! Bitcoin fell below $96,000, Ethereum lost $2,900, XRP plunged 20%... Over 450,000 people were liquidated $120 million)
According to Lookonchain monitoring data, Taiwanese celebrity whale Huang Li-cheng (Machi Big Brother) deposited 4,413 ETH (about USD 13.84 million) to Binance in the past week, and this morning he rushed to deposit another 1,000 ETH (about USD 2.85 million) to Binance before the market crash, seemingly successfully escaping the top, and the community marveled at the precision of his timing.
Ethereum once fell below $2,100
After Trump announced Tariff War 2.0 last Saturday, the cryptocurrency market experienced a major bloodbath today. Bitcoin fell below $92,000 this morning, and the battered ETH suffered even more, plunging to $2,100 this morning, a nearly 39% crash from its late January high of $3,437, almost wiping out its gains since Trump's election victory in November last year.
At the time of writing, ETH has rebounded to $2,527, but the 24-hour drop is still over 18%.
Whale Suspected of Dumping 77,336 ETH
Interestingly, in addition to Machi Big Brother successfully escaping the top, Lookonchain also discovered another suspected top-escaping Ethereum whale, and it may be one of the major sellers behind today's massive sell-off in Ethereum.
An Ethereum whale wallet that has been dormant for 6 years transferred all 77,736 ETH (USD 228.6 million) to Bitfinex.
The wallet withdrew 77,736 ETH (then worth $11.9 million) from Bitfinex on January 5, 2019, when the price of ETH was only around $153.
