Understanding the movements of the major players in the cryptocurrency market has become vitally important for making informed decisions. Following the steps of whales in every transaction is indispensable for cryptocurrency investors. The steps of whales provide valuable information in terms of expectations in cryptocurrency projects.
In our review of recent ETH transactions, we note that a wallet associated with Hashkey has attracted attention by pulling 16,838 ETH, and it is also seen to have deposited stablecoins into Binance and OKX. A whale named “0x8652” has also become a significant player in the market with 22,153 ETH withdrawn from Binance.
The whale named “0xf72f” preferred staking by withdrawing 7,952 ETH from Binance in the last week. This big whale, in particular, has been consistently accumulating ETH since September 19, and the average purchase price is about 1,847 dollars.
However, organizations such as FTX and Celsius are playing an active role in the market by selling ETH. FTX’s investment of 3,143 ETH into Coinbase has been interpreted as a bearish signal in the market.
Similarly, Celsius made a significant sale by transferring 59,000 ETH to Coinbase, OKX, and FalconX in the last 25 days. Smartestmoney.eth both deposits and withdraws ETH and Galaxy Digital’s investment of 12,237 ETH into Binance and Gemini in the last two days is noteworthy.